ZELTIQ Aesthetics, Inc. (ZLTQ)) said Tuesday that it has priced its initial public offering of 7 million shares of its common stock at a price of $13.00 per share, which is below its expected range of $14 to $16 per share.
The shares are expected to begin trading on October 19 on The Nasdaq Global Select Market under the ticker symbol "ZLTQ."
ZELTIQ is offering 6,693,000 shares and selling stockholders are offering the remaining 307,000 shares. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,050,000 shares of common stock from ZELTIQ to cover over-allotments, if any.
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