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Stroke Device Maker Eyes $160M IPO

4 May

Summary

Mobia Medical plans to raise up to $160 million.
The company aims to offer 10 million shares.
The share price is estimated between $14 and $16.

Mobia Medical Inc., based in Austin, is embarking on a significant financial venture by seeking to raise up to $160 million through a US initial public offering. This offering is poised to introduce the company's innovative medical devices, designed to aid stroke survivors in their recovery process, to the public market.

The company has outlined plans to offer 10 million shares to prospective investors. The initial pricing for these shares is projected to fall within the range of $14 to $16 each. This strategic financial move is intended to secure capital for further development and expansion of their product line.

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