iRhythm goes public with $107M IPO

Posted by iRhythm Technologies on October 20, 2016
iRhythm Technologies


iRhythm, the wearable heart monitor company that announced its intention to IPO last month, went public today and increased its share price and number of shares on offer, raising the value of its IPO from an expected $86 million to $107 million.

The company is offering 6,294,118 shares of its common stock at a public offering price of $17.00 per share, before underwriting discounts. Underwriters also have a 30-day option to purchase up to an additional 944,117 shares of common stock at the same price solely to cover over-allotments, according to the company. iRhythm began trading on NASDAQ today under the ticker symbol "IRTC."

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Topics: Mobihealthnews

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