Thursday, February 13, 2014

Amedica Raises $20M In IPO

Salt Lake City-based Amedica Corporation, the developer of medical devices for the hip and knee surgery market, priced its IPO late Wednesday evening at $5.75 per share, netting the company $20.1M in the public offering. The company is now trading on the Nasdaq as AMDA. Amedica had filed fro an IPO in November. The company offered up 3,500,000 shares of its common stock in the offering on the NASDAQ Capital market. Amedica's stock was trading slightly down after its debut Thursday morning, around $5.44 mid-day.