MINNEAPOLIS, Nov. 14 /PRNewswire-FirstCall/ -- Virtual Radiologic Corporation (Nasdaq: VRAD) today announced the pricing of its initial public offering of 4,000,000 shares of common stock at a price of $17.00 per share. All shares were offered by Virtual Radiologic. In connection with the offering, certain selling stockholders granted the underwriters a 30-day option to purchase up to 600,000 shares of common stock at the initial public offering price.
Virtual Radiologic intends to use the net proceeds from the offering to repay outstanding debt and for general corporate purposes. Shares of Virtual Radiologic's common stock will be listed on the NASDAQ Global Market under the ticker symbol "VRAD."
Goldman, Sachs & Co. is acting as the sole book-running manager of the offering, with Merrill Lynch & Co. acting as co-lead manager and William Blair & Company acting as co-manager.
A registration statement relating to the offering was filed with and declared effective by the Securities and Exchange Commission. The offering is being made solely by means of a prospectus. When available, a copy of the final prospectus relating to these securities may be obtained from Goldman, Sachs & Co., Attn: Prospectus Department, 85 Broad Street, New York, New York, 10004 via fax at 212-902-9316, or via e-mail at prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, and there shall not be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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