Igen Inc. has completed its initial public offering of 3 millionshares of common stock at $11.50 per share, netting just under$32 million. The offering included the sale of 390,000 shares tocover overallotments. About 2.4 million shares were sold in theU.S. and the remainder in a concurrent international offeringoutside the U.S.

Igen of Rockville, Md., filed the IPO with the Securities andExchange Commission on Dec. 16 and began the offering lastweek. The underwriters were Goldman, Sachs & Co. and CS FirstBoston.

With completion of the offering, the diagnostic company has14.1 million shares of stock outstanding. As of Sept. 30, 1993,Igen had $10.1 million in cash, cash equivalents and short-terminvestments. -- Brenda Sandburg

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