Invuity Announces Closing of Initial Public Offering
On June 18, 2015, Invuity, Inc. announced the closing of its initial public offering of 4,600,000 shares of common stock—including 600,000 shares purchased by the underwriters pursuant to an option to purchase additional shares—at a public offering price of $12 per share, resulting in estimated net proceeds of approximately $47.8 million, after deducting underwriting discounts and commissions and estimated offering expenses. The shares began trading June 15 on the Nasdaq Global Market under the ticker symbol "IVTY."
Wilson Sonsini Goodrich & Rosati advised Invuity in the offering. Piper Jaffray, Leerink Partners, and Stifel acted as joint book-running managers for the offering. William Blair acted as a co-manager.
Based in San Francisco, California, Invuity is a medical technology company focused on pioneering the use of advanced photonics to provide surgeons with improved direct visualization of surgical cavities during open minimally invasive and minimal access procedures.
For more information, please see Invuity's press release.