IPO Watch

Dermatology company Cutanea Life Sciences Inc. started on the road last week, with an IPO slated for this week. It hopes to sell 2.3 million shares at $6-$7 per share. At $6.50, the company would raise $12.7 million and be valued at $21.4 million.

Cutanea filed in August, then did a 1-for-26 reverse stock split in mid-October...