Medical technology company Restoration Robotics to sell 3.125 million shares in IPO

Restoration Robotics
hair
has set the terms of its planned initial public offering and will sell 3.125 million share priced at $7 to $9 a pop. The company is planning to list on the Nasdaq under the ticker symbol ”
HAIR”. The company is a medical technology maker that is developing and commercializing a robotic device, the ARTAS System, that assists doctors in performing many of the repetitive tasks that are a part of a follicular unit extraction surgery, a type of hair restoration procedure, according to its prospectus. National Securities Corp. is sole bookrunner on the deal, with Roth Capital Partners and Craig-Hallum Capital Group acting as co-managers.

View more information: https://www.marketwatch.com/story/medical-technology-company-restoration-robotics-to-sell-3125-million-shares-in-ipo-2017-09-18

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