initial public offerings (IPOs) trading on American exchanges
Showing posts with label Conformis (CFMS). Show all posts
Showing posts with label Conformis (CFMS). Show all posts

Wednesday, July 1, 2015

ConforMIS (CFMS) began trading on Nasdaq on 1 July 2015

  • ConforMIS, which makes customized knee replacement implants, sold nine million shares at a price of $15 each. The stock rose to $19.25 by the end of trading Wednesday, giving the company a market value of about $750 million.
  • The company, founded in 2004 in Redwood City, Calif., moved to Massachusetts in 2008. It reported $48 million in sales and a loss of nearly $46 million last year.
  • Joint bookrunners for the offering are JPMorgan and Deutsche Bank. Co-managers are Wells Fargo Securities, Canaccord Genuity and Oppenheimer. The underwriters have a 30-day option to purchase an additional 1.35 million shares.

  • charts 24 March 2017 (1 year 9 months after IPO)


  



Saturday, June 27, 2015

IPOs this week : June 29 - July 2, 2015

Five companies, including three in health care, are set to go public in the coming week.

  • The largest is LoanCore Realty Trust, a REIT that plans to offer 15 million shares at 20. 
  • ConforMIS, which makes knee replacement implants, plans to raise about $135 million by offering 9 million shares.

Update June 30, 2015: LoanCore Realty Trust, a commercial mortgage REIT backed by Jefferies and GIC, postponed its IPO on Tuesday, citing poor market conditions.