Tuesday, October 25, 2005

Vacuum, military robots maker iRobot sets IPO | Reuters.com

"IRobot Corp., the maker of the Roomba floor vacuum robot and PackBot tactical military robots, on Monday set its planned initial public offering at 4.3 million shares for between $21 and $23 per share.
The underwriters, led by Morgan Stanley and JPMorgan, will have the option to buy 645,000 more shares to cover over-allotments, according to an amended offering document filed with the U.S. Securities and Exchange Commission.
In the IPO iRobot plans to offer 3.3 million shares and selling stockholders are offering more than 1 million shares."

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