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news.Virtual Radiologic has closed its initial public offering of 4,600,000 shares of common stock at a price to the public of $17 per share. The offering consisted of 4,000,000 shares offered by Virtual Radiologic and an additional 600,000 shares offered by certain selling stockholders pursuant to the exercise by the underwriters of their option to purchase additional shares in the offering.
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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 are listed on the NASDAQ global market under the ticker symbol ‘VRAD’.
Goldman, Sachs & Co. acted as the sole book-running manager of the offering, while Merrill Lynch & Co. acted as co-lead manager and William Blair & Company acted as co-manager.