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Pacira Pharmaceuticals, Inc. Raises $42M, Opens Flat Post-IPO After Slashing Price


2/3/2011 6:49:39 AM

Wall Street Journal -- Pacira Pharmaceuticals Inc. generated little interest among investors on its first day of trading Thursday, even after it cut its offering price in half.The company's stock opened at $7 a share on the Nasdaq, flat with its initial public offering price. It sold six million shares, nearly two million more than expected, but at a greatly reduced price. The company had originally set out to sell its stock within a $14 to $16 range.

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