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Globus Medical nets $23.3mm via IPO
16 Aug 2012
Executive Summary
Globus Medical Inc. (develops medical devices for spinal disorders) netted $23.3mm through its initial public offering of 2.08mm Class A common shares priced at $12. Selling shareholders offered another 6.25mm. The company, which filed for the IPO in March, had announced plans to sell shares between $16 and $18. Just prior to going public, Globus’ board approved a 1-for-3.25 reverse split of its common stock.
Deal Industry
- Biotechnology
- Medical Devices
-
Medical Devices
- Biomaterials
- Implantable Devices
-
Surgical Equipment & Devices
- Minimally or Less Invasive
Deal Status
- Final
Deal Type
-
Financing
- IPO
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Globus Medical nets $23.3mm via IPO
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