Thermoscan to make IPO. (initial public offering)(Brief Article)
HFN: The Weekly Newspaper for the Home Furnishing Network, October, 1995
Thermoscan Inc., a maker of infrared ear thermometers, has filed for an initial public offering with the Securities and Exchange Commission. The offering is being underwritten by Merrill Lynch & Co. and Alex. Brown & Sons Inc. According to the filing, Thermoscan is registering 4.37 million shares, which are expected to solicit an offering price of $12 to $14 each. After the offering, 12.35 million shares of common stock will be outstanding.
Funds raised from the offering will be used to repay subordinated notes and senior bank debt.
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