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CardioNet, Inc.
CardioNet, Inc. Sets Price for Initial Public Offering
April 5th, 2008
CardioNet, Inc. announced the initial public offering of 4,500,000 shares of common stock at a price of $18.00 per share. 3,000,000 shares are being offered by CardioNet and 1,500,000 shares are being offered by Guidant Investment Corporation. In addition, Guidant Investment Corporation has granted to the underwriters a 30-day option to purchase up to an additional 675,000 shares of common stock to cover over-allotments, if any. CardioNet common stock is expected to begin trading on the NASDAQ Global Market under the trading symbol BEAT on Wednesday, March 19, 2008. The offering is being made through an underwriting syndicate led by Citigroup Global Markets, Inc.,...
Source: Law & Health Weekly (2008-04-05)
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