Epocrates Raises Value of IPO
Epocrates Inc., a vendor of point of care drug reference content available via mobile computing devices, expects in coming days to conduct an initial public offering of stock valued at up to $92.5 million.
Epocrates Inc., a vendor of point of care drug reference content available via mobile computing devices, expects in coming days to conduct an initial public offering of stock valued at up to $92.5 million.
The San Mateo, Calif.-based firm previously anticipated proceeds of up to about $55 million and recently raised the IPO's value. The company now expects to sell up to 6.164 million shares between $13 and $15 per share.
Epocrates had 2008 net income of $7.4 million on $83.3 million in revenue, 2009 net income of $7.7 million on $93.7 million in revenue; and net income of $1.1 million on $73.7 million in revenue during the first nine months of 2010.
More information is available at epocrates.com.
--Joseph Goedert
The San Mateo, Calif.-based firm previously anticipated proceeds of up to about $55 million and recently raised the IPO's value. The company now expects to sell up to 6.164 million shares between $13 and $15 per share.
Epocrates had 2008 net income of $7.4 million on $83.3 million in revenue, 2009 net income of $7.7 million on $93.7 million in revenue; and net income of $1.1 million on $73.7 million in revenue during the first nine months of 2010.
More information is available at epocrates.com.
--Joseph Goedert
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