AGA Medical (AGAM) IPO Prices at $14.50, Below Expected Range
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AGA Medical Holdings, Inc. (Nasdaq: AGAM) announced the pricing of its initial public offering of 13,750,000 shares of common stock at $14.50 per share, below expected $15-$16 range. Shares will beging trading today on the Nasdaq under the symbol "AGAM."
AGA Medical expects to sell 6,509,000 shares, and 7,241,000 shares are expected to be sold by the selling stockholders.
BofA Merrill Lynch, Citi, Deutsche Bank Securities, Leerink Swann and Wells Fargo Securities have acted as joint book-running managers for the offering.
AGA Medical Holdings, Inc., based in Plymouth, Minn., is a leading innovator and manufacturer of medical devices for the treatment of structural heart defects and vascular diseases.
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