Company to sell stock through bookrunners Canaccord Genuity and Cowen
By Devika Patel
Knoxville, Tenn., Jan. 30 – Avinger Inc. said it priced its $65 million initial public sale of stock with a $9.75 million greenshoe. The deal was announced Dec. 31.
The company will sell 5 million common shares at $13.00 apiece.
Canaccord Genuity Inc. and Cowen and Co., LLC are the bookrunning managers.
Settlement is expected Feb. 4.
Proceeds will be used for working capital and other general corporate purposes.
The medical device company is based in Redwood City, Calif. The company expects its shares will trade on the Nasdaq under the symbol “AVGR.”
| Issuer: | Avinger Inc.
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| Issue: | Common stock
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| Amount: | $65 million
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| Greenshoe: | $9.75 million
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| Shares: | 5 million
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| Price: | $13.00
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| Warrants: | No
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| Bookrunners: | Canaccord Genuity Inc. and Cowen and Co., LLC
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| Co-managers: | Oppenheimer & Co. Inc., BTIG, LLC and Stephens Inc.
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| Announcement date: | Dec. 31
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| Pricing date: | Jan. 30
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| Settlement date: | Feb. 4
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| Stock exchange: | Nasdaq: AVGR
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