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Last Updated: Jul 13th, 2006 - 10:20:17 |
ules Technology Growth Capital, Inc. (Nasdaq:HTGC - News) announced today the initial public offering of 6,000,000 shares of its common stock at $13.00 per share, raising gross proceeds of $78 million. Hercules has granted the underwriters an option to purchase up to an additional 900,000 shares to cover over-allotments. Hercules' stock began trading today on the Nasdaq National Market under the symbol "HTGC".
The offering was led by JMP Securities LLC acting as book-running manager, with Ferris, Baker Watts, Incorporated acting as co-manager.
INFO SOURCES
Hercules Technology Growth Capital, Inc. (Nasdaq:HTGC); Regulatory Filings [SEC]
FIRMS
Hercules is a specialty finance company, founded in December 2003, that provides debt and equity growth capital to technology-related companies at all stages of development. Hercules primarily finances privately-held companies backed by leading venture capital and private equity firms and also may finance certain publicly-traded companies.
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