Ra Medical Systems Announces Closing of Initial Public Offering
On October 1, 2018, Ra Medical Systems, Inc., a manufacturer of laser-based solutions for the treatment of cardiovascular and dermatological diseases, announced the closing of its initial public offering of 4,485,000 shares of common stock, which includes the full exercise of the underwriters' option to purchase 585,000 additional shares of its common stock, at a price to the public of $17 per share. Ra Medical's common stock began trading on the New York Stock Exchange under the symbol "RMED" on September 27, 2018. Wilson Sonsini Goodrich & Rosati represented Ra Medical Systems in the offering.
Piper Jaffray & Co. and Cantor Fitzgerald & Co. acted as lead joint book-running managers for the offering. SunTrust Robinson Humphrey, Inc. acted as lead manager and Nomura Securities International, Inc. and Maxim Group LLC acted as co-managers for the offering.
For more information, please see Ra Medical's press release.