Wednesday, December 20, 2006
Artes Medical Prices IPO
San Diego-based Artes Medical said today that it has priced its initial public offering. Artes is looking to raise up to $27.6M in an IPO on the Nasdaq Global Market. The firm said it will offer 4,600,000 shares of its common stock at a price of $6.00 per share. The firm's shares will be listed under the symbol ARTE. The IPO is being underwritten by Cowen and Company and Lazard Capital Markets. Artes Medical is developing aesthetic injectable products for the dermatology and plastic surgery market, and is backed by NGN Capital and others.