New Issue: Hansen raises $75 million in IPO of 6.25 million shares at $12 each - middle of talk at $11-$13

By Ronda Fears

Memphis, Nov. 16 - Hansen Medical, Inc. raised $75 million from its initial public offering of 6.25 million shares at $12 each, the middle of guidance of $11 to $13 per share, via joint bookrunners Morgan Stanley & Co. and J.P. Morgan Securities Inc.

The Mountain View, Calif.-based company, which develops and manufactures robotics designed to position, manipulate and control catheter technologies, plans to use proceeds for sales, marketing and general corporate purposes.

Issuer:	Hansen Medical, Inc.
Issue:	Initial public offering
Gross proceeds:	$75 million
Net proceeds:	$69.75 million
Shares:	6.25 million
Greenshoe:	937,500 shares
Price:	$12 per share
Price talk:	$11 to $13 per share
Joint bookrunners:	Morgan Stanley & Co. and J.P. Morgan Securities Inc.
Co-managers:	Thomas Weisel Partners LLC and Leerink Swann & Co.
Pricing date:	Nov. 15
Settlement date:	Nov. 21
Stock symbol:	Nasdaq: HNSN

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