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Radiation therapy raises $11 million: Sensus Healthcare prices upsized IPO below the range at $5.50

SRTSU

Sensus Healthcare, which sells low-energy x-ray systems for treating non-melanoma skin cancer and keloids, raised $11 million by offering 2 million units at $5.50. Sensus originally planned to raise $20 million in March at a market cap of $97 million, but postponed the deal. It came back in May with a new underwriter and stapled warrants at a proposed price of $6.25 ($80...read more

Microcap device maker Sensus Healthcare refiles terms for $11 million IPO

SRTSU

Sensus Healthcare, which sells low-energy x-ray systems for treating non-melanoma skin cancer and keloids, announced terms for its IPO on Friday. The Boca Raton, FL-based company plans to raise $11 million by offering 1.8 million units at a price of $6.25, consisting of one common share and one warrant. At the midpoint of the proposed range, Sensus Healthcare would command a...read more

US IPO Weekly Recap: Final week of the 1Q16 ends with no IPOs

SRTSU

No companies went public during the final week of March, ending the IPO market's slowest quarter since 2009. Micro-cap systems maker Sensus Healthcare (SRTSU) postponed a $20 million IPO at a proposed $97 million market cap. However, some billion-dollar IPO news hit this week with the initial filing of AIG spinoff...read more

Sensing a difficult IPO market, Sensus Healthcare postpones $20 million IPO

SRTSU

Sensus Healthcare, which sells low-energy x-ray systems for treating non-melanoma skin cancer and keloids, postponed its IPO on Wednesday. It had filed to raise $20 million by offering 1.8 million shares at a price range of $10 to $12. Only eight IPOs have priced in 2016, all in the healthcare sector, thanks to significant support from insiders.  The Boca Raton,...read more