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Foundation Medicine (FMI) IPO Jumps Over 70%

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Foundation Medicine (FMI) Upsized IPO Prices at $18, Above Expected Range

September 25, 2013 9:50 AM EDT

Foundation Medicine, Inc. (NASDAQ: FMI) priced its initial public offering of 5,888,888 shares of common stock at a price of $18.00 per share, above the expected $14-$16 range. The offering size was also raised from 5,000,000 shares. Shares are expected to begin trading on The NASDAQ... More