Kips Bay Medical Announces Closing of Its $16.5M IPO
Kips Bay Medical, Inc. (NASDAQ: KIPS) today announced that it has closed its previously announced offering of 2,062,500 shares of its common stock at a price of $8.00 per share.
Kips Bay received aggregate net proceeds of approximately $13.6 million after deducting underwriting discounts and commissions and offering expenses payable by Kips Bay.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.