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Foundation Medicine completes $113mm IPO

02 Oct 2013

Executive Summary

Foundation Medicine Inc. (cancer diagnostics) netted $113mm through its initial public offering of 6.77mm common shares (including the overallotment) at $18. Proceeds from the closing were a substantial jump from what Foundation had expected--just two weeks prior, the company said it would sell 5mm shares for between $14-16.
Deal Industry
  • In Vitro Diagnostics
  • In Vitro Diagnostics
    • Molecular Diagnostics & Genetic Testing
  • Biotechnology
    • Pharmacogenetics-Pharmacogenomics
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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