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SpineGuard pulls in €8m in IPO

This article was originally published in Clinica

Executive Summary

French pedicle screw specialist SpineGuard has raised €8.1 million ($10.5 million) in an initial public offering on the NYSE Alternext market in Paris. The firm’s shares were priced at €7.29 each, the lower end of the target price range of €7.29-8.91, giving SpineGuard a market cap of €31.4 million. It began trading on 29 April under the ticker symbol ALSGD – its share price had remained the same level as its offer price when Clinica went to press on 1 May.

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