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.