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Surgical instruments maker Power Medical nets $41.8mm in IPO

Executive Summary

Power Medical Interventions (computerized surgical devices) has netted $41.8mm in its initial public offering. It sold 4.4mm shares (including the overallotment) at a lower-than-anticipated cost of $11 each, compared with its planned $12-14 range announced earlier this month.
Deal Industry
  • Medical Devices
  • Medical Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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