February 8, 2007—Accuray Inc, Sunnyvale, Calif, announced today that its stock will be priced at $18 a share in its initial public offering (IPO). The stock will trade on the NASDAQ Global Market under the symbol ARAY.
Of Accuray’s 16,000,000 shares of common stock, the company is selling 10,000,000; certain stockholders of the company are selling the remaining 6,000,000. Accuray and the selling stockholders have granted the underwriters an option to purchase up to an additional 399,998 and 2,000,000 shares respectively at the IPO to cover any over-allotments.
A final prospectus for the offering may be obtained from JP Morgan Securities Inc, New York, which is serving as book-running manager joint with UBS Investment Bank.
—Cat Vasko