Second local life sciences IPO this week reels in $52 million

//Second local life sciences IPO this week reels in $52 million

Second local life sciences IPO this week reels in $52 million

Tela Bio Inc. on Friday became the second Philadelphia-area life sciences company to go public this week, and the third to complete an initial public offering during the past three weeks. The Malvern-based medical technology company sold 4 million shares of its common stock at $13 each for gross proceeds of $52 million. The amount of the offering could increase by another $7.8 million if underwriters exercise their full allotment of 600,000 additional shares to cover over allotments. The stock…

Article by [author-name] (c) Health Care News - Health Care News Headlines | Bizjournals.com - Read full story here.

By | 2019-11-08T21:40:03+00:00 November 8th, 2019|Healthcare|

About the Author: