Radius revives IPO plans
Radius Health Inc. (Cambridge, Mass.) proposed to raise $52 million through the sale of 6.5 million shares at $8 in an IPO on NASDAQ underwritten by Jefferies; Cowen; Canaccord; and Cantor Fitzgerald. If the offering prices at $8, Radius would be valued at $231.5 million. Last month, Radius postponed its IPO for the second time, citing market conditions. Before the postponement, the company had planned to sell 5 million shares at $14-$16. At the midpoint, Radius would have raised $75 million and been valued at $389.3 million. Radius postponed an IPO in 2012, also citing market conditions.
Also on Monday, Radius disclosed in an SEC filing that last week the company secured up to $30 million in term loans with Solar Capital Ltd. and Oxford Finance LLC. Radius drew down $21 million on Friday. ...