Piper Jaffray, Leerink were bookrunners; William Blair also assisted
By Devika Patel
Knoxville, Tenn., Aug. 2 – Invuity, Inc. said the underwriters for its public offering of stock opted to exercise the deal’s $4.2 million greenshoe in full, lifting total proceeds of the offering to $32.2 million. The deal was announced July 27 and priced for $28 million with the greenshoe on July 28.
The company sold 3.22 million common shares at $10.00 per share. The price per share is a 12.05% discount to the July 27 closing share price of $11.37. Of the shares, 420,000 were part of the fully exercised greenshoe.
Piper Jaffray & Co. and Leerink Partners LLC were the bookrunners. William Blair & Co. LLC was the co-manager.
Proceeds will be used for sales and marketing, research and development, potential acquisitions or investments, working capital and other general corporate purposes.
The medical technology company is based in San Francisco.
| Issuer: | Invuity, Inc.
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| Issue: | Common stock
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| Amount: | $32.2 million, including $4.2 million greenshoe
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| Shares: | 3.22 million
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| Price: | $10.00
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| Warrants: | No
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| Bookrunners: | Piper Jaffray & Co. and Leerink Partners LLC
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| Co-manager: | William Blair & Co. LLC
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| Announcement date: | July 27
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| Pricing date: | July 28
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| Settlement date: | Aug. 2
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| Stock symbol: | Nasdaq: IVTY
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| Stock price: | $11.37 at close July 27
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| Market capitalization: | $168.8 million
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