SynCardia Sets Terms For $28 Million IPO

Published: Sep 16, 2015

SynCardia Systems, a developer and manufacturer of temporary implantable artificial hearts, announced terms for its IPO on Wednesday.

The Tucson, AZ-based company plans to raise $28 million by offering 2.5 million shares at a price range of $10 to $12. At the midpoint of the proposed range, SynCardia Systems would command a fully diluted market value of $88 million.

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