Renaissance Capital logo

Medical device maker Power Medical Interventions announces terms

October 9, 2007

Power Medical Interventions, developer of computer-assisted endomechanical instruments for use during surgery, filed terms with the SEC Tuesday for its upcoming IPO. The company plans to offer 3.9 million shares at a price range of $12 to $14 per share. Jefferies and Lazard are the joint book runners on the deal.