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CardioDx to price initial public stock sale at $14.00-$16.00
BofA Merrill Lynch and Jefferies are joint bookrunning managers
By Devika Patel
Knoxville, Tenn., Nov. 4 - CardioDx, Inc. will sell 5 million common shares in its initial public offering with a 30-day greenshoe of 750,000 additional shares, according to a Form S-1/A filed Monday with the Securities and Exchange Commission. The deal was announced Oct. 11.
The shares will be sold at a price expected to fall between $14.00 and $16.00 per share.
BofA Merrill Lynch and Jefferies are the joint bookrunning managers. Piper Jaffray and William Blair are the co-managers.
Proceeds will be used for working capital, to cover operating losses, to conduct additional clinical and marketing activities, for research and development and for general corporate purposes.
The molecular diagnostics company is based in Palo Alto, Calif. It intends to list its common stock on the Nasdaq under the symbol "CDX."
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