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Home » Quanterix prices IPO common stock at $60m

Quanterix prices IPO common stock at $60m

August 9, 2019 By Danielle Kirsh

Quanterix today announced an initial public offering of nearly 2.4 million shares of common stock at $25.25 apiece for which it expects to gross $60 million.

Billerica, Mass.-based Quanterix is developing a digital approach to immunoassays to allow single molecules to be counted. Its technology is used in the therapeutic areas of oncology, neurology, cardiology, inflammatory and infectious disease.

Quanterix set the floatation at $25.25 per share on 2,376,238 shares of its common stock, giving underwriters a 30-day option to purchase up to an additional 356,435 shares of common stock on the same terms and conditions. Before deductions, the company expects gross proceeds to be $60 million.

Shares are slated to trade on the NASDAQ exchange under the symbol QTRX until Aug. 13, subject to customary closing conditions, according to the company.

Filed Under: Initial Public Offering (IPO), Wall Street Beat Tagged With: Quanterix Corp.

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About Danielle Kirsh

Danielle Kirsh is an award-winning journalist and senior editor for Medical Design & Outsourcing, MassDevice, and Medical Tubing + Extrusion, and the founder of Women in Medtech and lead editor for Big 100. She received her bachelor's degree in broadcast journalism and mass communication from Norfolk State University and is pursuing her master's in global strategic communications at the University of Florida. You can connect with her on Twitter and LinkedIn, or email her at [email protected].

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