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In Brief: Selfcare

This article was originally published in The Tan Sheet

Executive Summary

Selfcare: Files registration statement with the Securities & Exchange Commission for a public offering of 2 mil. shares managed by Lehman Brothers, Dillon, Read & Co. and A.G. Edwards & Sons. Selfcare, a manufacturer of "self-test" diagnostics for diabetes, women's health and infectious diseases, went public in a 1.3 mil. share offering completed in August 1996 at $10 per share. The IPO was smaller than hoped for by the Waltham, Mass. firm, which had projected selling 2.7 mil. shares for $12 each. Underwriters for the secondary offering have an over-allotment option covering an additional 300,000 shares...

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