Cellular Dynamics Sets IPO Terms

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The firm plans to invest $20 million in R&D, $8 million in sales and marketing, and $5 million for property, plant, equipment and intellectual property.

Madison, WI 7/10/13; Washington, DC 7/10/13—Cellular Dynamics International has announced that its IPO (see IBO 6/15/13) will consist of 3,846,000 million shares at a price of $12–$14 per share of common stock. At $13 per share, the IPO is expected to raise $51 million, including an underwriters’ option to buy 576,000 shares.

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