Category: Tandem Diabetes Care Inc.
Tandem Diabetes' shares lose about 7% in morning trading after the company widens its insulin cartridge recall to include older units.
Tandem Diabetes recalls more than 4,700 boxes of insulin cartridges designed for use with its t:slim insulin pump over concerns that the cartridges may leak and result in over- or under-doses of insulin.
Tandem Diabetes Care says it sold all 9.2 million shares offered in its initial public offering at $15 per share, raising $138 million.
Tandem Diabetes Care (NSDQ:TNDM) closed its initial public offering yesterday after selling all 9.2 million shares on offer for $15 apiece, raising $138 million.
The underwriters of Tandem Diabetes Care's initial public offering exercise an over-allotment of 1.2 million shares, adding $18 million to the IPO.
Tandem Diabetes Care (NSDQ:TNDM) said today that the underwrites of its initial public offering picked up a 1.2 million-share over-allotment at $15 per share, adding $18 million to the IPO's value.
Shares of Tandem Diabetes Care close 28% above their $15 offering price in their 1st day of public trading.
Shares of Tandem Diabetes Care (NSDQ:TNDM) closed up some more than 28% above their offering price today after the medical device company's initial public offering debuted on the NASDAQ exchange.
Shares of Tandem Diabetes Care gain on the launch of its initial public offering, with shares opening at $19.40 apiece, nearly 30% ahead of the price Tandem set yesterday.
Shares of Tandem Diabetes Care (NSDQ:TNDM) are up some 30% today after the medical device company's initial public offering debuted on the NASDAQ exchange.
Tandem Diabetes Care prices its 8-million-share initial public offering at $15 per share.
Tandem Diabetes Care is set to begin trading on the NASDAQ stock exchange today after pricing its initial public offering of 8 million shares at $15 each, the upper end of its initial range.
The amount the company actually raised could be higher than the $120 million pricing due to a 1.2 million-share over-allotment for the offering's underwriters, which if exercised would push the raise to $138 million. Shares are expected to begin trading today under the TNDM symbol.