Electromed prices IPO

August 13, 2010 by MassDevice staff

Electromed Inc. will offer 1.7 million shares at $4 each in its initial public offering.

ELMD logo

Looking to add at least $5.5 million to its coffers, Electromed Inc. (NSDQ:ELMD) priced its initial public offering at $4 per share.

The New Prague, Minn.-based firm will issue 1.7 million shares, according to a regulatory filing, and will net about $5.5 million if they're all bought.

If underwriter Feltl & Co. Inc. buy a 255,000-share over-allotment, Electromed will net $6.4 million, according to the filing.

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