CTI exercises IPO over-allotment

AuntMinnie.com staff writers

Jun 27, 2002

Underwriters of the initial public offering (IPO) of Knoxville, TN-based CTI Molecular Imaging have exercised in full an over-allotment option, resulting in the sale of an additional 1.6 million shares at the IPO price of $17 per share. As a result, before underwriting commissions and expenses, the PET manufacturer will receive additional gross proceeds of approximately $17.8 million from the sale of its shares. The firm trades on the Nasdaq National Market under the symbol "CTMI."

By AuntMinnie.com staff writers
June 28, 2002
Related Reading

PET firm CTI to raise $182.2 million in IPO, June 21, 2002

CTI installs first ECAT Reveal-RT, June 18, 2002

PET firm CTI files for IPO, April 12, 2002

CTI signs deal with Zmed, March 25, 2002

Focus on PET pays off for CTI as modality booms, August 6, 2001

Copyright © 2002 AuntMinnie.com

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