FinancialRecon

Invuity registers for $69M IPO

By Brad Perriello

Advanced surgical lighting maker Invuity registers for an initial public offering worth $69 million.

Invuity this month filed registration papers for an initial public offering that could bring in as much as $69 million for the advanced surgical lighting maker.

San Francisco-based Invuity said it plans to list on the NASDAQ exchange under the “IVTY” symbol.

Invuity makes more than 40 devices organized into 8 product lines, targeting surgeons in the orthopedics, spine, breast oncology, plastics and thyroid specialties.

“We intend to target other surgical specialties including trauma; cardiothoracic; ear, nose and throat; gynecology; urology; general surgery; neurosurgery and craniomaxilliofacial procedures,” the company said in its registration filing.

The potential market in the U.S. alone for Invuity’s products is an estimated $2 billion, according to the filing. Invuity raised a $36 million Series E round in March 2014.

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