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Cancer zapping device company Pulse Biosciences prices IPO at $4, as expected

May 18, 2016
PLSE

Pulse Biosciences, which is developing treatments for solid tumors based on pulsed electric fields, raised $20 million by offering 5 million shares at $4, as expected. At $4 per share, Pulse commands a diluted market cap of $51 million.

NovoCure (NVCR), which markets a wearable electric field device for brain cancer, raised $165 million at a $2.1 billion market cap in October 2015, but now trades -46% below its offer price.

Pulse Biosciences plans to list on the Nasdaq under the symbol PLSE. MDB Capital Group and Feltl and Company acted as lead managers on the deal.