CardioVascular Dynamics Announces Initial Public Offering of 3,400,000 Shares of Common Stock.IRVINE, Calif.--(BUSINESS WIRE)--June 21, 1996--CardioVascular Dynamics, Inc. (CVD CVD Cardiovascular disease, see there ), (Nasdaq National Market Symbol -- CCVD CCVD Communauté de Communes du Val de Drôme CCVD Combustion Chemical Vapor Deposition ) announced today that it has made an initial public offering of 3,400,000 shares of its Common Stock at a price of $12.00 per share. All of the 3,400,000 shares are being offered by the Company. In addition, the Company has granted the underwriters an option to purchase 510,000 shares of Common Stock to cover over-allotments, if any. The offering is being made through an underwriting group managed by Volpe, Welty & Co., Wessels, Arnold & Henderson, L.L.C., and Vector Securities International, Inc. CVD designs, develops, manufactures and markets catheters used to treat certain vascular diseases vascular diseases, n.pl diseases of the peripheral circulatory system. . The Company's catheters are used in conjunction with angioplasty and other interventional procedures such as vascular stenting and drug delivery. The Company's proprietary Focus and Multiple Microporous Membrane (M3) technologies enable physicians to deliver radial force, stents, drugs or contrast media to the treatment site, and also allow the perfusion of blood during the interventional procedure. The Company also markets a vascular access vascular access Clinical medicine The ability to enter the vascular system; the ease with which the vascular system can be entered for administering therapy or obtaining blood for testing device, SmartNeedle, which utilizes Doppler ultrasound Doppler ultrasound An imaging technique using ultrasound that can detect moving liquids. Mentioned in: Priapism Doppler ultrasound technology to provide rapid, accurate access to the body's vascular system. A registration statement relating to these securities was filed and declared effective by the Securities and Exchange commission. A copy of the prospectus relating to these securities may be obtained from Volpe, Welty & Co., One Maritime Plaza One Maritime Plaza is an office tower located in San Francisco's Financial District near the Embarcadero Center towers on Clay and Front Streets. The building, completed in 1964, stands 121 m (398 feet) and has 27 floors of office space. , 11th Floor, San Francisco, CA 94111; Wessels, Arnold & Henderson, L.L.C., 901 Marquette Ave., Suite 2700, Minneapolis, MN 55402; or Vector Securities International, Inc., 1751 Lake Cook Rd., Suite 350, Deerfield, IL 60015. CONTACT: CardioVascular Dynamics, Inc. Heather L. Murray, 714/457-9546 |
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