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Candela Medical to offer 14.7 million shares in IPO priced at $16 to $18 each

·1 min read
Candela Medical to offer 14.7 million shares in IPO priced at $16 to $18 each

Candela Medical Inc. , which makes devices for cosmetic surgery, set terms for its initial public offering on Tuesday, with plans to issue 14.7 million shares priced at $16 to $18 each. The company would raise $265 million at the top of that range, at a valuation of $1.7 billion. The company has applied to list on Nasdaq, under the ticker 'CDLA.' BofA Securities, Goldman Sachs and Barclays are lead underwriters in a syndicate of 10 banks working on the deal. "We are a leading provider of advance