Medical device maker Capnia plans to raise up to $35M in IPO
Capnia, a startup working on a breath-based device to help determine the health threat of jaundice in newborns, updated IPO plans it filed earlier this year in which it hopes to raise up to $35 million.
The 15-year-old Redwood City company led by CEO Anish Bhatnagar said that it plans to sell 1.55 million shares at an estimated price of $6.50, which would raise about $10.1 million.
The rest of the value would come if warrants included in the stock and shares allocated to underwriters are all sold.
Capnia…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Cromwell Schubarth Source Type: news