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News > Deals
Lone IPO on tap
October 6, 2001: 10:23 a.m. ET

Medical device company TheraSense looks to raise $114 million.
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NEW YORK (CNNfn) - Given Imaging ended the initial public offering shutout last week, and this week TheraSense Inc. is hoping to keep the trend going.

TheraSense, which makes glucose self-monitoring systems for people with diabetes, is looking to raise $114 million through lead underwriter U.S. Bancorp Piper Jaffray.

Mike Falbo, IPO analyst with IPOPros.com, said that looking at comparable companies such as MiniMed Inc. (MNMD: Research, Estimates), the offering is positioned to do well.

"There's huge market potential and they've received FDA (U.S. Food and Drug Administration) clearance already," Falbo said. "We think it will perform pretty well with a first-day premium."

Falbo said another positive is that the IPO market has been very receptive to medical and pharmaceutical offerings.

TheraSense plans to price 6 million shares between $18 and $20 on the Nasdaq. The company will trade as "THER." graphic

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.