Accuray IPO raises $171 million

Radiotherapy device developer Accuray reported that it has raised approximately $171.3 million, after deducting underwriting discounts and commissions and estimated offering expenses, from its initial public offering (IPO).

The Sunnyvale, CA-based firm said that the IPO closed yesterday with a total of 18.4 million shares sold. The common stock trades on the Nasdaq Global Market under the symbol "ARAY."

By AuntMinnie.com staff writers
February 14, 2007

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