Thursday, June 13, 2013

NanoString Sets IPO Range

Seattle-based NanoString Technologies looks like it's going to fast-track its path to an IPO, and has estimated its IPO trading range at between $13.00 and $15.00 per share. The company set its IPO range Thursday in a filing, also saying that it is offering up 5.4 million shares of its common stock, with plans to trade on the NASDAQ Global Market as NSTG. NanoString just filed for its IPO in May. The firm is venture backed by OVP Venture Partners, Calrus Ventures, Draper Fisher Jurvetson, AllianceBernstein, Morgan Stanley Expansion Capital, GE Healthymagination Fund, and BioMed Ventures, among others.