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Foundation Medicine (FMI) IPO Looks Good

|Includes: Foundation Medicine, Inc. (FMI)

Foundation Medicine is planning to go public on Wednesday 25, 2013. The price was set at $18 which was above the range of $14 to $16. Goldman is the lead underwriter. We expect this to be a successful IPO.

Disclosure: I am long FMI.

Additional disclosure: Investors should read the S-1 and consult with their financial adviser before making any decisions. This article was written for informational purposes.