Verichip has been priced at $6.50 per share, the low end of its previously announced range, and the number of shares being offered has been reduced from 4.3 million to 3.1 million.
Verichip cuts IPO to 3.1 mln shares at $6.50 each
Fri Feb 9, 2007 8:03am ET
WASHINGTON, Feb 9 (Reuters) - Verichip Corp., which develops radio frequency identification systems, on Friday cut its planned initial public offering to 3.1 million shares at $6.50 each from an earlier estimate of 4.3 million shares at $6.50 to $8.50 each.
The company said in an amended filing with the U.S. Securities and Exchange Commission that Merriman Curhan Ford & Co., C.E. Unterberg Towbin, and Kaufman Bros. LP are underwriting the IPO.
Verichip intends to list its stock on the Nasdaq under the symbol "CHIP" (CHIP.O: Quote, Profile , Research).
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