Otonomy amends IPO

Otonomy Inc. (San Diego, Calif.) amended its IPO on NASDAQ and now plans to sell 5.3 million shares at $14-$16. At the $15 midpoint, the company would raise $80 million and be valued at $291.3 million. Otonomy filed to raise up to $86.3 million in the offering last month. JPMorgan; BofA Merrill Lynch; Piper Jaffray; and Sanford C. Bernstein are underwriters. ...