Quotient to price IPO of 5 million shares between $14.00 and $16.00

UBS Investment Bank, Baird and Cowen will be the joint bookrunners

By Devika Patel

Knoxville, Tenn., April 3 - Quotient Ltd. will sell 5 million ordinary shares in its initial public offering with a 30-day greenshoe of 750,000 additional shares, according to a Form S-1/A filed Thursday with the Securities and Exchange Commission. The deal was announced March 7.

The shares will be sold at a price expected to fall between $14.00 and $16.00 per share.

UBS Securities LLC, Robert W. Baird & Co. Inc. and Cowen and Co. LLC are the joint bookrunning managers.

Proceeds will be used for the conversion of a facility in Eysins, Switzerland, to manufacture MosaiQ consumables, and for general corporate purposes.

The diagnostics company is based in Midlothian, England. The company intends to list its common stock on the Nasdaq stock exchange under the symbol "QTNT."

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