Therapy Areas: Devices
Paragon 28 Inc prices IPO at USD16.00 per share
18 October 2021 -

Medical device company Paragon 28 Inc (NYSE:FNA) said on Friday that it has priced its initial public offering of 7,812,500 shares of its common stock.

All of the shares are being offered and sold by the company at a public offering price of USD16.00 per share for total gross proceeds of USD125.0m, before deducting underwriting discounts and commissions and estimated offering expenses.

The company has provided the underwriters with a 30-day option to purchase up to another 1,171,875 shares of common stock at the initial public offering price, less the underwriting discounts and commissions.

For the offering, BofA Securities and Piper Sandler are acting as joint lead book-running managers. Canaccord Genuity is acting as a lead manager. The offering is expected to close on 19 October 2021, subject to the satisfaction of customary closing conditions.

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