ARTICLE | Finance
Ebb & Flow
September 21, 2009 7:00 AM UTC
The banking community didn't waste any time recuperating from summer vacations, as evidenced by a surge of IPO and follow-on activity last week. The theme of the first two follow-ons of the fall seemed pretty clear: give investors late-stage data to mull over and get about $100 million.
Thus, Vivus Inc. (NASDAQ:VVUS) raised $94.5 million on Thursday through the sale of 9 million shares at $10.50. The overnight deal saw very little price erosion - Vivus proposed the offering after market close on Wednesday, when its share price was $10.79...