Penumbra (PEN) IPO Opens Sharply Higher
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Penumbra, Inc. Announces Pricing of Initial Public Offering
September 17, 2015 7:25 PM EDTALAMEDA, Calif.--(BUSINESS WIRE)-- Penumbra, Inc., today announced the pricing of its initial public offering of 4,000,000 shares of its common stock at a price to the public of $30.00 per share. The offering is scheduled to close on September 23, 2015, subject to customary closing conditions. The underwriters for the offering will also have a 30-day option to purchase up to an additional 600,000 shares of Penumbras common stock at the price to the public, less the underwriting discounts and commissions.
Penumbras common stock is expected to begin trading on the New York Stock Exchange on September 18, 2015, under the symbol... More
