BioCentury
ARTICLE | Financial News

Radius raises $52 million in IPO

June 7, 2014 12:27 AM UTC

Radius Health Inc. (NASDAQ:RDUS) raised $52 million through the sale of 6.5 million shares at $8 in an IPO underwritten by Jefferies; Cowen; Canaccord; and Cantor Fitzgerald. On Monday, Radius said it planned to sell 6.5 million shares at the $8 price, which values the company 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. Radius originally postponed an IPO in 2012. ...