Madison Tech Firm Files for Ipo; Tomotherapy Makes Radiation Machine Used to Fight Cancer

Summary


TomoTherapy Inc., one of the state's most promising young tech firms, Monday filed to sell stock to the public.

The Madison company, maker of a highly precise system for treating cancer with radiation, is seeking to raise up to $201.3 million in an initial stock offering. The share price and number of shares to be offered haven't been determined.

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Madison Tech Firm Files for Ipo; Tomotherapy Makes Radiation Machine Used to Fight Cancer

The IPO could enhance the prospects of a 7-year-old firm that already has grown to 500 employees, developed markets in the U.S. and abroad, and raised more than $40 million in several rounds of private financing.

Company executives are limited in wha...

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