ViewRay registers $69 million of its stock for initial public offering

Cowen and Stifel raise funds for commercialization, sales, marketing

By Devika Patel

Knoxville, Tenn., Feb. 13 – ViewRay Inc. will sell common shares in its initial public offering with a 30-day greenshoe option, according to a Form S-1 filed Friday with the Securities and Exchange Commission. The company has registered up to $69 million of stock.

Cowen and Co. and Stifel are the bookrunning managers.

Proceeds will be used for commercialization, sales and marketing, manufacturing and supply chain management, installation, customer support and product quality, research and development and general corporate purposes, including working capital.

The Oakwood Village, Ohio, company manufactures and sells MRI-guided radiation therapy system that images and treats cancer patients simultaneously. The company intends to list its common stock on the Nasdaq under the symbol “VRAY.”

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