Markets

Spinal implant developer SpineEx withdraws $17 million IPO

SpineEx, which is developing spinal implants to improve spinal fusion surgeries, withdrew its plans for an initial public offering on Friday. It originally filed in September 2018 with a proposed deal size of $17 million.

The company did not disclose a reason for the withdrawal. Since its initial filing, the company announced in a press release that it had received 510(k) clearance from the FDA for its Sagittae lateral lumbar interbody fusion (LLIF) device.

The pre-revenue company is based in Fremont, CA, and was founded in 2017. It had planned to list on the Nasdaq under the symbol SPIX. ThinkEquity was set to be the sole bookrunner on the deal.

The article Spinal implant developer SpineEx withdraws $17 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.


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

Other Topics

IPOs

Latest Markets Videos

    Renaissance Capital

    Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products.

    Learn More