OrthoPediatrics Corp. closes initial public offering of 4.6M shares: 5 insights

OrthoPediatrics Corp. closed its initial pubic offering of $59.8 million.

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Here are five insights:

 

1. The offering was valued at 4.6 million common stock shares.

 

2. The offering included the full exercise for the underwriters to purchase 600,000 more shares at $13 per share.

 

3. On Oct. 12, these shares started trading on NASDAQ as “KIDS.”

 

4. Piper Jaffray and Stifel served as joint book-running managers, with William Blair acting as lead manager and BTIG as co-manager.

 

5. OrthoPediatrics develops products for the pediatric orthopedic market.

 

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