Momenta amends IPO

Momenta (Cambridge, Mass.) amended its proposed IPO for a third time and now hopes to sell 5.4 million shares at $6.50-$7 through SG Cowen; Banc of America Securities; CIBC World Markets; and ThinkEquity. A $6.75 deal price would raise $36.5 million and value Momenta at $166.1 million. The company originally proposed to raise $86.3 million in March, then amended the deal last month to sell 5.4 million at $13-$15. Last week the company lowered its price range to $7-$9. ...