Wednesday, July 13, 2011

Frazier Healthcare Portfolio Firm, Zeltiq, Files For IPO

A portfolio firm of Seattle-based Frazier Healthcare Ventures, has filed for an IPO this morning. Pleasanton, California-based Zeltiq Aesthetics, a developer of medical aesthetics technology for fat removal, has filed for an IPO on the NASDAQ Global Market. The firm said it is looking to raise up to $115M in its public debut as ZLTQ. Frazier owns around 28.8 percent of Zeltiq. Other investors include Advanced Technology Ventures, Aisling Capital, and Venrock Associates.