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TheraSense IPO Has Promise
With only one IPO in the queue, this week is not big. But it's important because there are lots of people watching the calendar to see if it falters or builds momentum. I'm comfortable placing my bet on the latter.
The sole deal this week is TheraSense (proposed symbol THER:Nasdaq). The proposed terms are 6 million shares at $18 to $20. The syndicate group, led by U.S. Bancorp Piper Jaffray, includes SG Cowen and Thomas Weisel. That takes care of the basics, so what does the company do? Let me fill you in.
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