Piper Jaffray, Leerink, Stifel are bookrunners; Blair is co-manager
By Devika Patel
Knoxville, Tenn., June 18 – Invuity, Inc. said the underwriters for its initial public offering of stock opted to exercise the deal’s $7.2 million greenshoe in full, lifting total proceeds of the offering to $55.2 million. The IPO was announced April 17 and priced for $48 million with the greenshoe on June 11.
The company sold 4.6 million common shares at $12.00 per share. Of the shares, 600,000 were part of the fully exercised greenshoe.
Piper Jaffray & Co., Leerink Partners LLC and Stifel, Nicolaus & Co., Inc. were the bookrunning managers. William Blair was 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: | $55.2 million, including $7.2 million greenshoe
|
| Shares: | 4.6 million
|
| Price: | $12.00
|
| Warrants: | No
|
| Agents: | Piper Jaffray & Co., Leerink Partners LLC and Stifel, Nicolaus & Co., Inc. (bookrunners); William Blair (co-manager)
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| Announcement date: | April 17
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| Pricing date: | June 11
|
| Settlement date: | June 18
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| Expected listing: | Nasdaq: IVTY
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