LVCI: An example of a winning secondary offering.
The laser stocks have been hot:
BEAM BOL KERA LCAV LVCI LZRC SNRS STAA VISX
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Tuesday May 11, 7:02 am Eastern Time
Company Press Release
Laser Vision Centers, Inc. Public Offering Begins Trading
ST. LOUIS--(BW HealthWire)--May 11, 1999--Laser Vision Centers, Inc. (Nasdaq:LVCI - news) announced that the common shares under its recently filed public offering began trading today.
LaserVision is issuing 1,000,000 new shares and certain stockholders are offering 720,000 shares. The shares are offered at $46.50 per share. The offering will raise $79.9 million, of which the Company will receive $46.5 million before expenses. The offering is expected to close on May 14, 1999. A.G. Edwards and Sons, Inc., Prudential Securities and Warburg Dillon Read served as underwriters.
The Company said that it intends to use the proceeds to purchase additional equipment, fund potential future acquisitions, for future payments relating to recent acquisitions, for expansion of its patient financing program as well as for working capital and general corporate purposes.
Laser Vision is one of the world's largest providers of excimer lasers, related equipment and support services for the treatment of nearsightedness, farsightedness and astigmatism.
Except for historical information, statements relating to the Company's plan, objectives and future performance are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations. Because of various risks and uncertainties, actual strategies and results in future periods may differ materially from those currently expected. Additional discussion of factors affecting the Company's business is contained in the Company's most recent filings with the Securities and Exchange Commission. |
