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Reliant Tech Postpones IPO

Reliant Technologies Inc., a Mountain View, Calif.-based manufacturer of medical laser technologies for aesthetic applications, has indefinitely postponed its IPO due to market conditions. The company had filed to sell 4.7 million common shares at between $14 and $16 per share, with Piper Jaffray and Banc of America Securities serving as co-lead underwriters.


Reliant Technologies has raised around $70 million in total VC funding since 2003, from Three Arch Partners (25.7% pre-IPO stake), Meritech Capital Partners (11%), Delphi Ventures (5.4%) and Pinnacle Ventures.