PYMNTS.com January 19, 2025
Will 2025 bring an end to a fallow period for medical device company IPOs?
As the Financial Times (FT) reported Sunday (Jan. 19) a pair of initial public offerings (IPO) by cardiac device makers could be a sign that a dearth in medical tech listings is soon to end.
Sources told the FT that Kestra Medical Technologies and Heartflow, which both make non-invasive cardiac tests for patients with heart conditions, have recently hired advisers to prepare for IPOs. These listings could happen as soon as the first half of the year, one source said.
The report said high interest rates and a lackluster performance by other medical companies that went public during the pandemic has led investors to cool on...
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