Anteris Technologies slides in Nasdaq debut after $89 mln US IPO

Anteris Technologies Global

13/12/2024 19:31

** Shares of heart company Anteris Technologies  AVR.O 
slide 12.3% to $5.26 in their Nasdaq debut 
    ** Stock opened for trading at $6, valuing the company at
$215.6 mln
    ** AVR sold 14.8 mln shares in its New York IPO at $6/shr to
raise $88.8 mln
    ** Offering priced at a 11.5% discount to the Dec. 5 closing
price of its shares on the Australian Securities Exchange
    ** TD Cowen, Barclays and Cantor were the joint book-running
managers for the offering
    ** AVR will use the proceeds to fund the development of its
transcatheter heart valve, among other purposes

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))