IPO News Archive

Radiation detection provider Mirion Technologies releases IPO terms

3/16/10


Mirion Technologies, an American Capital-backed provider of radiation detection and analysis products and services, announced terms for its IPO on Tuesday. The San Ramon, CA-based company plans to raise $176 million by offering 11 million shares, with 3.2 million coming from insiders, at a price range of $15-$17. At the mid-point of the proposed range, Mirion Technologies will command a market value of $300 million. Mirion Technologies, which was founded in 2005 and booked $208 million in sales and $41 million in Adjusted EBITDA for the year ended December 2009, plans to list on the NASDAQ under the symbol MION. Credit Suisse, BofA Merrill Lynch and J.P. Morgan are the lead underwriters on the deal, for which timing was not disclosed.

View IPO Profile: MION         
Source: www.RenaissanceCapital.com
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