Medartis Raises $151MM in Initial Public Offering

Medartis raised gross proceeds of CHF 123.9MM and CHF 142.6MM, including an over-allotment of shares, in its IPO. (These figures translate to ~US $131.2MM and ~$151.0MM, respectively.) Funds will support the company's strategic growth initiatives.

The company is trading on the SIX Swiss Exchange under the symbol MED as of 3/23/18. With...

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Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.

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