Offering Information:
Wednesday November 17, 10:41 am Eastern Time
Caliper Technologies sets IPO terms
WASHINGTON, Nov 17 (Reuters) - Caliper Technologies Corp., the lab-on-a-chip technology company, set Wednesday its initial public offering at 3.6 million common shares in a projected price range of $13-15 per share.
The company, whose tiny chips have microscopic channels where chemicals can be mixed to perform lab experiments, will use the net proceeds for general corporate purposes, including capital expenditures, product development and research.
Caliper, based in Mountain View, Calif., disclosed the terms of the IPO for the first time in a filing with the Securities and Exchange Commission.
If there were heavy demand for the 3.6 million shares, then the underwriters led by Credit Suisse First Boston would have an option to buy 540,000 more shares, said the company, located online at calipertech.com.
Caliper, which has applied to trade the IPO shares on Nasdaq under the symbol (NasdaqSC:CLPR - news), would have about 19.4 million shares outstanding after the initial stock sale. |
