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