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NanoDynamics Sets IPO Terms

NanoDynamics Inc., a Buffalo, N.Y.-based developer of solid-oxide fuel cells, water filters and other advanced materials, has set its IPO terms to 6.6 million common shares being offered at between $12 and $14 per share. It would be valued at around $371 million, if it were to price at the high end of its range. NanoDynamics plans to trade on the Nasdaq under ticker symbol NDMX, with Jefferies & Co. serving as lead underwriter. It has raised around $15.25 million in total private funding, with backers including the Convergent Private Equity Fund.