Piper Jaffray, Leerink, Stifel are bookrunners; Blair is co-manager
By Angela McDaniels
Tacoma, Wash., June 11 – Invuity, Inc. will sell 4 million common shares in its initial public offering for $12.00 each for a total of $48 million. Plans for the IPO were announced April 17.
There is a $7.2 million over-allotment option, according to a company news release.
Piper Jaffray & Co., Leerink Partners LLC and Stifel, Nicolaus & Co., Inc. are the bookrunning managers. William Blair is the co-manager.
Proceeds will be used for sales and marketing, research and development, working capital and general corporate purposes.
The medical technology company is based in San Francisco. The company intends to list its common stock on the Nasdaq stock exchange under the symbol “IVTY.”
| Issuer: | Invuity, Inc.
|
| Issue: | Common stock
|
| Amount: | $48 million, or 4 million shares
|
| Greenshoe: | $7.2 million, or 600,000 shares
|
| Price: | $12.00
|
| Warrants: | No
|
| Agents: | Piper Jaffray & Co., Leerink Partners LLC and Stifel, Nicolaus & Co., Inc. (bookrunners); William Blair (co-manager)
|
| Announcement date: | April 17
|
| Pricing date: | June 11
|
| Settlement date: | June 17
|
| Expected listing: | Nasdaq: IVTY
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