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.
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