Shoulder Innovations, which offers advanced implant systems for shoulder arthroplasty, announced terms for its IPO. The Grand Rapids, MI-based company plans to raise $100 million by offering 5 million shares at a price range of $19 to $21. At the midpoint of the proposed range, Shoulder Innovations would command a fully diluted market value of $434 million. Shoulder Innovations is a commercial-stage medical technology company that currently offers advanced implant systems for shoulder arthroplasty.
Read the full article: Shoulder Surgery-Focused Medtech Shoulder Innovations Sets Terms for $100M IPO //
Source: https://www.renaissancecapital.com/IPO-Center/News/112339/Shoulder-surgery-focused-medtech-Shoulder-Innovations-sets-terms-for-$100-m