Redwood City’s CAPNIA, Inc. Eyes $35 Million IPO

Capnia, a startup working on a breath-based device to help determine the health threat of jaundice in newborns, updated IPO plans it filed earlier this year in which it hopes to raise up to $35 million.

The 15-year-old Redwood City company led by CEO Anish Bhatnagar said that it plans to sell 1.55 million shares at an estimated price of $6.50, which would raise about $10.1 million.

The rest of the value would come if warrants included in the stock and shares allocated to underwriters are all sold.

Help employers find you! Check out all the jobs and post your resume.
MORE ON THIS TOPIC