NanoString (NSTG) Files $86.25M IPO

NanoString (Nasdaq: NSTG) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $86.25 million. The company plans to list on the Nasdaq Global Market under the ticker, "NSTG."

The offering is being made through J.P. Morgan, Morgan Stanley, Leerink Swann, and Baird.

Financial data from the company: "We generated revenue of $11.7 million, $17.8 million and $23.0 million in 2010, 2011 and 2012, respectively, and $5.7 million in the three months ended March 31, 2013, while incurring net losses of $12.8 million, $10.9 million and $17.7 million in 2010, 2011 and 2012, respectively, and $7.3 million in the three months ended March 31, 2013."

NanoString develops, manufactures, and sells robust, intuitive products that unlock scientifically valuable and clinically actionable genomic information from minute amounts of tissue.

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