Foundation Medicine Prices Initial Public Offering of Common Stock

Before you go, we thought you'd like these...
Before you go close icon

Foundation Medicine Prices Initial Public Offering of Common Stock

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Foundation Medicine, Inc. today announced the pricing of its initial public offering of 5,888,888 shares of common stock at a price of $18.00 per share, before underwriting discounts. All of the common stock is being offered by Foundation Medicine. In addition, the underwriters have a 30-day option to purchase up to an additional 883,333 shares of common stock from Foundation Medicine at the public offering price, before underwriting discounts. The company's shares are expected to begin trading on The NASDAQ Global Select Market on Wednesday, September 25, 2013 under the trading symbol "FMI."

Goldman, Sachs & Co. and J.P. Morgan Securities, LLC acted as joint book-running managers of the offering. Leerink Swann LLC and Sanford C. Bernstein & Co., LLC acted as co-managers. A copy of the final prospectus relating to this offering may be obtained, when available, from: Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, facsimile at (212) 902-9316, or e-mail at; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 24, 2013.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Media - Foundation Medicine
Dan Budwick
Pure Communications, Inc.
Investors - Foundation Medicine
Matt Clawson, 617-418-2283

KEYWORDS:   United States  North America  North Carolina


The article Foundation Medicine Prices Initial Public Offering of Common Stock originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

People are Reading