Spine surgery devices company LDR Holding sets terms for $75 million IPO

By Renaissance Capital,

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LDR Holding, which develops medical devices for use in spine surgery, announced terms for its IPO on Thursday. The Austin, TX-based company plans to raise $75 million by offering 5.0 million shares at a price range of $14 to $16. At the midpoint of the proposed range, LDR Holding would command a fully diluted market value of $364 million.

LDR Holding, which was founded in 2000 and booked $98 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol LDRH. LDR Holding initially filed confidentially on June 5, 2013. Piper Jaffray, William Blair and Bryan, Garnier & Co are the joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: LDRH

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