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Cardiovascular Systems Files for IPO

Cardiovascular Systems Inc., a St. Paul, Minn.-based maker of a minimally-invasive catheter system for the treatment of peripheral arterial disease, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol CSII, with Morgan Stanley and Citi serving as co-lead underwriters.

 

The company has raised around $54 million in VC funding since 2006, from firms like Maverick Capital (15% pre-IPO stake), Easton Hunt Capital Partners (9.1%) and Mitsui & Co. (5.6%). www.cardiovascularsystemsinc.com