BioCentury
ARTICLE | Top Story

Foundation Medicine raises $106M in IPO

September 25, 2013 12:25 AM UTC

Foundation Medicine Inc. (NASDAQ:FMI) raised $106 million in a bumped-up IPO priced above its proposed range. Foundation sold 5.9 million shares at $18, which values the company at $489.1 million. Earlier this month, the company said it planned to sell 5 million shares at $14-$16. Goldman Sachs; JPMorgan; Leerink; and Sanford C. Bernstein are underwriters. The company is slated to start trading on Wednesday. ...