Globus Medical Announces Pricing of Initial Public OfferingWritten by Jaimie Oh | August 03, 2012
Globus Medical, a spinal implant manufacturer, announced the pricing of its initial public offering of more than 8 million shares of Class A common stock at a price of $12 per share.
In addition, Globus Medical has granted the underwriters a 30-day option to purchase up to an additional 1.25 million shares of common stock to cover any over-allotments. Closing of the offering is expected to occur on Aug. 8, subject to customary closing conditions. The shares are expected to begin trading on the New York Stock Exchange today under the symbol GMED.
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