Volcano Erupts with Less Vigor than Expected

Volcano Corp., a Rancho Cordova medical-device maker, had expected to launch its initial public offering of stock early Thursday. Today it was announced that Volcano Corp. has dropped its offering price to $8 a share, a move that could cut as much as $30 million from the proceeds of the IPO.

The lower share price still could pump close to $55 million into the Rancho Cordova, CA company. Volcano Corp. is expected to trade on the Nasdaq National Market under the symbol VOLC.

Courtesy Adam Weintraub
Sacramento Business Journal