K2M Closes IPO With Net Proceeds of Around $120M

K2M has closed its initial public offering and received net proceeds of approximately $120 million, after deducting underwriting discounts and estimated offering expenses.

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The company’s IPO offered 8.8 million shares of common stock at a price of $15 per share to the public.

 

Piper Jaffray & Co., Barclays Capital and Wells Fargo Securities acted as joint book-running managers for the offering.

 

K2M is a global medical device company focused on designing, developing and commercializing complex spine technologies, techniques and minimally invasive procedures.

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