Biometric technologies company Cross Match Technologies Inc. expects to raise $114.2 million after expenses from its portion of an initial public offering totaling 11.8 million shares, according to a regulatory filing on Wednesday.In the Securities and Exchange Commission filing, Cross Match said it expects the offering to price between $14 and $16 per share.

Cross Match will sell 8.3 million shares of the total offering. Smiths Group plc, a maker of airport x-ray machines, and former Cross Match Chairman Theodore Johnson will sell the remaining 3.5 million.

Cross Match plans to list its shares on the Nasdaq Stock Market under the symbol “CROS.”
Source: Forbes

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