Medindia
Medindia LOGIN REGISTER
Advertisement

Volcano Corporation Announces Pricing of Common Stock Offering

Thursday, October 18, 2007 General News
Advertisement
SAN DIEGO, Oct. 18 Volcano Corporation(Nasdaq: VOLC) announced today the pricing of its public offering of 7,000,000shares of its common stock at a price of $16.25 per share. All of the sharesare being offered by Volcano. Volcano has granted the underwriters a 30-dayoption to purchase up to an additional 1,050,000 shares of its common stock tocover over-allotments, if any. The offering is expected to close on October23, 2007, subject to the satisfaction of customary closing conditions.
Advertisement

J.P. Morgan Securities Inc., Banc of America Securities LLC and PiperJaffray & Co. are acting as joint book-running managers for the offering, withBear, Stearns & Co. Inc. acting as co-manager. Information about the offeringis available in the prospectus supplement and accompanying prospectus for theoffering filed with the Securities and Exchange Commission.
Advertisement

Copies of the prospectus supplement and accompanying prospectus can beobtained by contacting J.P. Morgan Securities Inc., Prospectus Library, FourChase Metrotech Center, CS Level, Brooklyn, NY 11245; Banc of AmericaSecurities LLC, Capital Markets (Prospectus Fulfillment) by e-mail [email protected] or by mail to Banc of AmericaSecurities LLC, Capital Markets Operations, 100 West 33rd Street, Third Floor,New York, N.Y. 10001; or Piper Jaffray & Co., 800 Nicollet Mall, Suite 800,Minneapolis, MN 55402.

A shelf registration statement relating to the securities being offeredhas been filed with the Securities and Exchange Commission and has becomeeffective. This news release does not constitute an offer to sell or thesolicitation of an offer to buy nor shall there be any sale of thesesecurities in any state or jurisdiction in which such an offer, solicitationor sale would be unlawful prior to registration or qualification under thesecurities laws of any such state or jurisdiction.

Volcano Corporation offers a broad suite of devices designed to facilitateendovascular procedures and enhance the diagnosis of and guide therapies forvascular and structural heart diseases.

This press release contains "forward-looking" statements, includingstatements related to Volcano's plans to complete a public offering. Anystatements contained in this press release that are not statements ofhistorical fact may be deemed to be forward-looking statements. Words such as"plans," "intends," "expects" and similar expressions are intended to identifythese forward-looking statements. There are a number of important factors thatcould cause Volcano's results to differ materially from those indicated bythese forward-looking statements, including risks and uncertainties related tosatisfaction of the public offering's customary closing conditions, as well asother risks detailed from time to time in Volcano's filings with theSecurities and Exchange Commission, including its Annual Report on Form 10-Kfor the year ended December 31, 2006. Volcano does not undertake anyobligation to update forward-looking statements.

SOURCE Volcano Corporation
Sponsored Post and Backlink Submission


Latest Press Release on General News

This site uses cookies to deliver our services.By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use  Ok, Got it. Close