Tandem Diabetes Care Raises $120 Million In Upsized IPO
Published: Nov 14, 2013
Tandem Diabetes Care prices its 8-million-share initial public offering at $15 per share. Tandem Diabetes Care is set to begin trading on the NASDAQ stock exchange today after pricing its initial public offering of 8 million shares at $15 each, the upper end of its initial range. The amount the company actually raises could be higher than the $120 million pricing due to a 1.2 million-share over-allotment for the offering's underwriters, which if exercised would push the raise even higher. Shares are expected to begin trading today under the TNDM symbol.
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