Virtual Radiologic Raises $68 Million

Virtual Radiologic Corp., a Minnetonka, Minn.-based provider of remote diagnostic image interpretation services, has raised approximately $68 million in its IPO. The company priced four million common shares at $17 per share ($16-$18 range), for an initial market cap of around $278.79 million. Virtual Radiologic will trade on the Nasdaq under ticker symbol VRAD, while Goldman Sachs served as lead underwriter. Generation Capital Partners held a 33.3% pre-IPO position.