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Byline: Kevin Maler
May 23--A Minnetonka-based medical-device company has filed to raise about $70 million in an initial public offering, a possible sign that the long-dormant medical technology field is regaining the interest of Wall Street.
The company, American Medical Systems Holdings, makes urological devices that treat impotence and incontinence. It reported revenue of $81.4 million last year, according to filings with the Securities and Exchange Commission. It said it would use about $40 million of that money to pay off some of the debt the company ran up as part of a 1998 buyout from its previous parent, Pfizer.
Underwriters include U.S. Bancorp Piper Jaffray, Banc of America Securities and Chase Securities. Share …