Teleradiology overread service firm Virtual Radiologic of Minneapolis has completed its initial public offering (IPO), the company announced.
Virtual Radiologic priced 4 million shares of common stock at $17 per share, raising a total of $68 million before expenses. Shares are trading on the Nasdaq Global Market under the ticker symbol VRAD, and as of press time were trading at $18.80, up 11%.
The company intends to use the net proceeds from the sale to repay outstanding debt.
Related Reading
Road to RSNA, Teleradiology Services, Virtual Radiologic, November 9, 2007
Road to RSNA, Teleradiology Services, Virtual Radiologic, November 14, 2006
Virtual Radiologic files IPO, August 11, 2006
Virtual Radiologic to open Hawaii reading center, May 11, 2004
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