(no subject)

Recent IPO Foundation Medicine (FMI) files an S-1 for a $150M public offering of common stock.

• Proceeds to be used to accelerate the growth of domestic operations, targeted growth of international operations, R&D, infrastructure build-out, funding of clinical trials and general corporate purposes.

• 2013 revenues were $29M up 172% from 2012 and up >13x from 2011. Operations burned $31M last year up 79% from the previous year.

• Cash and equivalents were $124M at year end.

• The firm's market cap is $1.1B.

126 mutual funds have positions.

FMI is going for a large expansion.
What do you think?
B

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