Tuesday, May 8, 2012
Tria Beauty prices IPO at $13-$15
Tria Beauty Inc. is getting an IPO haircut. The Dublin-based aesthetic device company priced its initial public offering at $13 to $15 per share, raising $59.8 million to $69 million from the sale of 4.6 million shares. In January, when it filed for its IPO, it said it would raise up to $86 million. Tria makes in-home cosmetic devices that use light to remove hair, fight acne and treat other skin conditions. It will seek approval later this year for a skin-rejuvenating laser to treat "crow's feet," wrinkles around the mouth, uneven pigmentation and rough skin.