Wright Medical Group
This article was originally published in The Gray Sheet
Orthopedics firm goes public via initial offering of 7.5 mil. shares at $12.50 each on July 13, grossing $93.8 mil. Plans for an IPO of up to $132 mil. in stock were announced in April (1"The Gray Sheet" May 7, 2001, p. 17). Trading on the Nasdaq exchange under the symbol "WMGI," the Arlington, Tennessee firm will use the proceeds primarily to repay debt and for general corporate purposes. J.P. Morgan Securities, Credit Suisse First Boston and U.S. Bancorp Piper Jaffray managed the offering for Wright
You may also be interested in...
Encore Medical's annual sales are expected to surpass $100 mil. following the purchase of privately held orthopedic rehabilitation equipment maker Chattanooga Group
ResMed plans to double or even triple production of intensive ventilators and sleep apnea machines this year amid rising demand by hospitals to use CPAP and BPAP machines to treat COVID-19 patients during the ventilator shortage.