Organ transplant device maker TransMedics sets terms for $75 million IPO

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TransMedics, a medical device company that provides a system for organ transplants, announced terms for its IPO on Monday.

The Andover, MA-based company plans to raise $75 million by offering 4.7 million shares at a price range of $15 to $17. At the midpoint of the proposed range, TransMedics would command a fully diluted market value of $331 million.

TransMedics was founded in 1998 and booked $13 million in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol TMDX. Morgan Stanley and J.P. Morgan are the joint bookrunners on the deal. It is expected to price during the week of April 29, 2019.

The article Organ transplant device maker TransMedics sets terms for $75 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

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

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