Thursday, November 14, 2013

Tandem Diabetes Care Prices IPO

San Diego-based medical device manufacturer Tandem Diabetes Care priced its IPO last night, saying it will offer up 8,000,000 shares of its common stock at $15.00 per share. The company--which develops an insulin pump--will start trading today on the NASDAQ Global Market as TNDM. Tandem Diabetes Care is venture backed by Delphi Ventures, Domain Associates, TPG Biotechnology, HLM Venture Partners, Kearny Venture Partners, and others.

---