AGA Medical (AGAM) IPO Trades Flat
More News related to AGAM
- Bank of America Initiates Coverage on AGA Medical (AGAM) with a Buy
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- Citi Initiates Coverage on AGA Medical (AGAM) with a Buy
- Natixis Bleichroeder Initiates Coverage on AGA Medical (AGAM) with a Buy
- Wells Fargo Initiates Coverage on AGA Medical Holdings (AGAM) with a Market Perform
The IPO for AGA Medical Holdings, Inc. (Nasdaq: AGAM) is open for trading. Shares are trading at $14.51 after pricing 13,750,000 shares at $14.50 per share, below the expected $15-$16 range.
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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