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Tandem Diabetes plans $60 million public offering of common stock
BofA Merrill Lynch, Piper Jaffray, Deutsche Bank and Stifel to assist
By Devika Patel
Knoxville, Tenn., Feb. 24 – Tandem Diabetes Care, Inc. will raise $60 million in a public offering of common stock with a 30-day greenshoe option, according to a prospectus supplement filed Tuesday with the Securities and Exchange Commission.
BofA Merrill Lynch and Piper Jaffray are the bookrunning managers. Deutsche Bank Securities and Stifel are the co-managers.
Proceeds will be used for working capital and other general corporate purposes.
The medical device company is based in San Diego.
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