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Hearing aid company Sonic Innovations nets $53.9mm in IPO

Executive Summary

Sonic Innovations (digital hearing aids) netted $53.9mm in its initial public offering of 4.14mm common shares, including the overallotment, at $14 each. The company launched its first hearing devices, called Natura, in 1998; the product line brought in $29mm in sales during 1999.
Deal Industry
  • Medical Devices
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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