A substantial downsize: ConforMIS schedules $135M IPO — 4 quick notes

Spinal Tech

ConforMIS, a knee replacement firm, recently scheduled its $135 million initial public offering, which is a large downsize from its original IPO plans, according to the Boston Business Journal.

Here are four quick facts:

 

1. ConforMIS is a medical device manufacturer based in Burlington, Mass.

 

2. The 11-year-old company creates and sells customized orthopedics and knee replacement implants.

 

3. The implants initially targeted a $173 million IPO to fund expansion.

 

4. ConforMIS plans to price nine million shares at $14 to $16 with this week's launch.

 

For more articles on devices:
Dr. Stephen Wang creates 'virtual spine' — 4 quick facts
Henry County Medical Center to implement MAKOplasty procedures: 4 observations
Exactech's new knee arthroplasty device receives FDA clearance: 4 observations

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