ConforMIS closes IPO: 5 things to know

Written by Anuja Vaidya | July 08, 2015 | Print  |

ConforMIS closed its initial public offering.

Here are five things to know:

 

1. The company's IPO included 10.3 million shares of common stock at an offering price of $15 per share, before underwriting discounts.

 

2. The IPO also includes 1.3 million shares of common stock issued upon the exercise in full by the underwriters of their option to purchase additional shares at the public offering price, less the underwriting discount.

 

3. The company initially filed for a $172.5 million IPO, but downsized it to $135 million.

 

4. J.P. Morgan and Deutsche Bank Securities acted as joint book-running managers for the offering.

 

5. ConforMIS focuses on developing and marketing customized orthopedics and knee replacement implants.

 

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