Financial Accounting Blog

Friday, December 05, 2003

Cincinnati Business Courier reports that LCA-Vision, a provider of laser vision corrections services, prices stock offering at $16.50 a share.
The company will offer 2.4 million shares, and its CEO Stephen Joffe will offer 600,000 shares. LCA-Vision said it will use net proceeds from its portion of the sale to open more facilities, to market its brand name, to fund potential transactions and to provide working capital for general corporate purposes.