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RainDance registers $60 million of stock for initial public offering
BofA Merrill Lynch, Cowen, Evercore are the bookrunners for the sale
By Devika Patel
Knoxville, Tenn., Feb. 27 – RainDance Technologies, Inc. plans to price its initial public offering of common shares 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 $60 million of stock.
BofA Merrill Lynch, Cowen and Co. and Evercore ISI are the bookrunning managers.
Proceeds will be used for general corporate purposes and working capital purposes.
The Billerica, Mass., company manufactures and sells systems, consumables and assays that enable ultra-sensitive detection and analysis of complex genetic diseases in tissue and “liquid biopsies” in research settings. The company intends to list its common stock on the Nasdaq under the symbol “RAIN.”
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