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BG Medicine halves IPO price

Tue, 02/01/2011 - 4:32am
Mass High Tech: The Journal of New England Technology

BG Medicine Inc. has re-priced its initial public offering at about half what it was shooting for in December, lowering its total IPO fundraise to $33.3 million, according to an amended regulatory document filed this morning.

BG withdrew its IPO from the cusp of public trading in December.  At the time, it had planned to price at $13 to $15 a share. The Waltham developer of cardiac diagnostics is offering 4.75 million shares.

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