Piper Jaffray, William Blair, Canaccord Genuity, BTIG help with sale
By Devika Patel
Knoxville, Tenn., Aug. 2 – Tactile Systems Technology, Inc. said it completed a $41.2 million initial public sale of stock. The deal was announced on Jan. 25.
The company sold 4.12 million common shares at $10.00 per share.
Piper Jaffray & Co., William Blair & Co. LLC and Canaccord Genuity Inc. were the bookrunners.
Proceeds will be used to expand sales and marketing, product development and reimbursement and clinical activities; to pay dividends to preferred stockholders and for working capital and general corporate purposes.
The Minneapolis-based medical technology company has listed its common stock on the Nasdaq Global Market under the symbol “TCMD.”
| Issuer: | Tactile Systems Technology, Inc.
|
| Issue: | Common stock
|
| Amount: | $41.2 million
|
| Shares: | 4.12 million
|
| Price: | $10.00
|
| Warrants: | No
|
| Bookrunners: | Piper Jaffray & Co., William Blair & Co. LLC and Canaccord Genuity Inc.
|
| Co-manager: | BTIG, LLC
|
| Announcement date: | Jan. 25
|
| Settlement date: | Aug. 2
|
| Stock exchange: | Nasdaq: TCMD
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
