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CardioNet nets $47mm through its IPO

Executive Summary

After filing for its initial public offering in August 2007, CardioNet (heart monitors) has finally completed the financing. It sold 3mm common shares priced at $18 each, netting $47mm. Selling shareholders also offered 1.5mm shares. The company announced plans in February to sell 6.6mm shares between $22-24 each.
Deal Industry
  • Medical Devices
  • Medical Devices
    • Diagnostic Equipment & Supplies
    • Monitoring Equipment & Devices
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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