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Zonare Medical Files for IPO

Zonare Medical Systems Inc., a Mountain View, Calif.-based developer of ultrasound systems for diagnostic imaging, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol ZONE, with Citi and Piper Jaffray serving as co-lead underwriters.


The company has raised around $171 million in total VC funding since 1999, from firms like Frazier Healthcare Ventures (25.2% pre-IPO stake), 3i Group (18.4%), Earlybird Venture Capital (13.9%), Draper Fisher Jurvetson (13.2%), Mosaix Ventures (9.9%) and CB Healthcare Ventures (7.1%).