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AtriCure sets IPO price talk at $12 to $14 per share
By Ted A. Knutson
Washington, July 7 - AtriCure, Inc. set the price talk for its planned initial offering of common stock at $12 to $14 per share for a sale of four million shares.
The underwriters' over-allotment option has been set at 500,000 shares, 150,000 shares from the company and 450,000 shares by selling shareholders, according to the second amendment to AtriCure's S-1 registration with the Securities and Exchange Commission
AtriCure, a West Chester, Ohio, manufacturer of surgical devices, estimated proceeds for the first time at $45.6 million to $47.4 million.
The firm reiterated earlier announced plans to use $6.5 million of the funds to acquire Enable Medical Corp., with the rest of the money set aside for general corporate purposes.
UBS Investment Bank and Piper Jaffray are bookrunners for the offering, with Thomas Weisel Partners LLC and A.G. Edwards in the syndicate.
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