Zeltiq Files for $115 Million IPO
7/15/2011 9:22:11 AM
Zeltiq Aesthetics filed for a $115 million initial public stock offering Wednesday, hoping its noninvasive process to reduce love handles and other unwanted fat will be embraced by Wall Street. Pleasanton-based Zeltiq didn't disclose the terms of the offering, including the price per share or the number of shares that will comprise the IPO. The timing of the offering wasn't disclosed. Founded in 2005, the company has devised a technique called CoolSculpting. This precise cooling technique removes fat and destroys fat cells without damaging the skin or other tissue.