CardioVascular Dynamics Files For Initial Public Offering of 3,400,000 Shares of Common Stock.IRVINE, Calif.--(BUSINESS WIRE)--May 7, 1996--CardioVascular Dynamics, Inc. (CVD CVD Cardiovascular disease, see there ), announced today that it has filed a registration statement with the Securities and Exchange Commission with respect to a proposed initial public offering of 3,400,000 shares of Common Stock. The company has granted the underwriters an option to purchase up to 510,000 additional shares to cover over-allotments, if any. All of the shares are being offered by the company. The offering price is expected to be between $11 and $13 per share. Volpe, Welty & Company, Wessels, Arnold & Henderson, L.L.C., and Vector Securities International, Inc. are the managing underwriters. CardioVascular Dynamics 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 FOCAL 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. Copies of the preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering may be obtained from Volpe, Welty & Company, 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 Avenue, Suite 2700, Minneapolis, MN 55402, or Vector Securities International, Inc., 1751 Lake Cook Road, Suite 350, Deerfield, IL 60015. A registration statement relating to these securities has been filed with Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. CONTACT: CardioVascular Dynamics Inc., Irvine Dana Nickell, 714/457-9546 |
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