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UK diagnostics firm Quotient nets $37.2mm in US IPO

Executive Summary

UK transfusion diagnostics company Quotient Ltd. netted $37.2mm in its US initial public offering of 5mm shares at $8, well below its initial anticipated $14-16 price range (the company later lowered its expectations to $9-11). Investors also received three-month warrants to buy 4mm shares at $8.80.
Deal Industry
  • In Vitro Diagnostics
  • Laboratory Testing Services
  • Research, Analytical Equipment & Supplies
  • In Vitro Diagnostics
    • Hematology, Coagulation
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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