Computer Motion Inc. Completes Initial Public Offering.SANTA BARBARA Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , Calif.--(BUSINESS WIRE)--Aug. 18, 1997--Computer Motion Inc. (Nasdaq:RBOT RBOT Rotating Bomb Oxidation Test ) Monday announced the closing of its initial public offering of 2.5 million shares of its common stock, at a price of $14 per share. The offering is being managed by Montgomery Securities and Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution Inc. The company has granted the underwriters an option to purchase up to 375,000 additional shares of common stock to cover overallotments, if any. Computer Motion develops and markets proprietary robotic and computerized surgical systems. ``The $35 million that we raised will allow us to deliver on our vision of the Operating Room operating room n. Abbr. OR A room equipped for performing surgical operations. of the Future,'' said Gene Wang, chief executive officer and president. Founded in 1989, Computer Motion is the leader in medical robotics. The company's mission is to enhance surgeons' capabilities, improve outcomes and reduce costs using computers and robotics. Computer Motion's Internet address is http://www.ComputerMotion.com . Copies of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. relating to this offering may be obtained from Montgomery Securities, 600 Montgomery St., San Francisco, Calif. 94111, and Piper Jaffray Inc., 2500 Sand Hill Road, Menlo Park, Calif. 94025. CONTACT: Computer Motion Inc., Goleta, Calif. Stephen L. Wilson, 805/685-3729, ext. 155 |
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