Medidata Files for Secondary Stock Offering

Medidata Solutions Inc. (Nasdaq: MDSO), a New York-based provider of electronic data capture and data management software for clinical researchers, has filed for a secondary public offering of 4.5 million common stock. The company’s closing price on Wednesday was $17.39 per share, compared to its June IPO price of $14 per share.

Selling shareholders include Insight Venture Partners, which currently holds 2.46 million shares for a 21.2% ownership position. Medidata’s filing did not indicate how many shares Insight plans to offer.