Hancock Jaffe Laboratories (HJLI) plans to raise $13 million in an initial public offering on Tuesday, December 19th, IPO Scoop reports. The company plans to issue 1,900,000 shares at $6.00-$8.00 per share.
In the last twelve months, Hancock Jaffe Laboratories generated $550,000 in revenue and had a net loss of $6.6 million. The company has a market-cap of $61.6 million.
WallachBeth Capital, WestPark Capital and Network 1 Financial Securities served as the underwriters for the IPO and ViewTrade Securities was co-manager.
Hancock Jaffe Laboratories was founded in 1999 and has 9 employees. The company is located at 70 Doppler, Irvine, California, 92618, US and can be reached via phone at (949) 261-2900 or on the web at http://www.hancockjaffe.com..
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