MedCity News October 16, 2020
The Bay Area hearing device-maker planned to raise $141.3 million in an upsized IPO. Its stock started trading on Nasdaq under the ticker “EAR.”
A Bay Area startup building tiny, “invisible” hearing aids went public on Friday. Eargo began trading on Nasdaq under the ticker “EAR,” at $18 per share.
In total, the startup expects to sell 7.85 million shares of its stock, bringing in proceeds of more than $141.3 million. The upsized IPO fetched more than Eargo had initially planned, with an expected range of $15 to $16 per share, according to its most recent prospectus.
San Jose, Calif.-based Eargo makes small, rechargeable hearing aids that sit in the user’s ear canal, so others can’t see them. They sell...
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