Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for OrthoPediatrics Corp. > News item |
OrthoPediatrics registers up to $75 million of common stock for IPO
Piper Jaffray and Stifel are bookrunners; William Blair, BTIG assist
By Devika Patel
Knoxville, Tenn., June 16 – OrthoPediatrics Corp. will price an initial public offering of common stock with a 30-day greenshoe, according to a Form S-1 filed Thursday with the Securities and Exchange Commission. The company has registered up to $75 million of stock for the deal.
Piper Jaffray and Stifel are the bookrunners; William Blair and BTIG are the co-managers.
Proceeds will be used to pay dividends on the company’s series B preferred stock, to repay debt under its revolving credit facility with Squadron and for research and development, sales and marketing, working capital and general corporate purposes, as well as for potential acquisitions and investments.
The pediatric orthopedic medical device company is based in Warsaw, Ind. The company intends to list its common stock on the Nasdaq under the symbol “KIDS.”
© 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.