Piper Jaffray, Leerink Partners are bookrunners; William Blair assists
By Devika Patel
Knoxville, Tenn., July 28 – Invuity, Inc. said it priced a $28 million public offering of stock with a $4.2 million greenshoe. The deal was announced Wednesday.
The company will sell 2.8 million common shares at $10.00 per share. The price per share is a 12.05% discount to the July 27 closing share price of $11.37.
Piper Jaffray & Co. and Leerink Partners LLC are the bookrunners. William Blair & Co. LLC is the co-manager.
Settlement is expected July 25.
Proceeds will be used for sales and marketing, research and development, potential acquisitions or investments, working capital and other general corporate purposes.
The medical technology company is based in San Francisco.
| Issuer: | Invuity, Inc.
|
| Issue: | Common stock
|
| Amount: | $28 million
|
| Greenshoe: | $4.2 million, or 420,000 shares
|
| Shares: | 2.8 million
|
| Price: | $10.00
|
| Warrants: | No
|
| Bookrunners: | Piper Jaffray & Co. and Leerink Partners LLC
|
| Co-manager: | William Blair & Co. LLC
|
| Announcement date: | July 27
|
| Pricing date: | July 28
|
| Settlement date: | July 25
|
| Stock symbol: | Nasdaq: IVTY
|
| Stock price: | $11.37 at close July 27
|
| Market capitalization: | $154.01 million
|
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