NanoString (NSTG) has scaled back its Nasdaq IPO and will now raise only $54M instead of the...


NanoString (NSTG) has scaled back its Nasdaq IPO and will now raise only $54M instead of the $86.3M it had hoped to bring in when it made its initial SEC filing last month, prior to global markets having a bit of a wobbly. NanoString is offering 5.4M shares at $10 apiece, below the $13-15 range that was initially set. The company's market cap is $146M. NanoString, which develops a cancer diagnostic system called Prosigna, made a loss of $7.3M in Q1 on revenue of $5.7M. (PR)

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