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SPECTRANETICS ANNOUNCES INITIAL PUBLIC OFFERING OF COMMON STOCK

    SPECTRANETICS ANNOUNCES INITIAL PUBLIC OFFERING OF COMMON STOCK
    COLORADO SPRINGS, Colo., Jan. 21 /PRNewswire/ -- The Spectranetics Corporation (NASDAQ/NMS: SPNC) announced today the initial public offering of 2,500,000 shares of common stock at a price of $13.50 per share.  All the shares are being sold by the company.
    Kidder, Peabody & Co. Incorporated and Piper, Jaffray & Hopwood Incorporated are co-managing the offering.  The underwriters have a 30-day option to purchase an additional 375,000 shares of common stock from the company to cover over-allotments, if any.
    The company plans to use the net proceeds of the offering to expand its national sales and marketing organization, to fund continuing clinical trials, to expand the company's facilities, to purchase capital equipment for manufacturing operations and for working capital and general corporate purposes.
    Spectranetics develops, manufactures and markets a proprietary excimer laser, the CVX-300TM, and proprietary disposable fiberoptic catheters to treat atherosclerosis in coronary arteries.  The CVX-300 system provides a minimally invasive approach to the treatment of certain difficult-to-treat types of atherosclerosis.
    Copies of the prospectus relating to the offering may be obtained from Kidder, Peabody & Co. Incorporated, 60 Broad St., New York, N.Y. 10004, or Piper, Jaffray & Hopwood Incorporated, 222 South Ninth St., Minneapolis, MN 55402.
    -0-        1/21/92
    /CONTACT:  George H.M. Rountree, chief financial officer of Spectranetics, 719-633-8333/
    (SPNC) CO:  Spectranetics ST:  Colorado IN:  MTC SU:  OFR SM -- NY047 -- 1736 01/21/92 10:49 EST
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Publication:PR Newswire
Date:Jan 21, 1992
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