Shares of CapsoVision, Inc. (CV) are soaring 6.90% in intraday trading on Wednesday, marking a strong debut for the medical technology company following its initial public offering (IPO). The surge comes after CapsoVision priced its IPO at $5 per share, aiming to raise approximately $27.5 million in gross proceeds.
CapsoVision offered 5.5 million shares in its IPO, which was priced late Tuesday. The company also granted underwriters a 30-day option to purchase up to an additional 825,000 shares, potentially increasing the total capital raised. Trading of CapsoVision shares on the Nasdaq under the ticker symbol "CV" commenced on Wednesday, with the offering expected to close on Thursday.
The robust 6.90% gain in CapsoVision's stock price suggests strong investor interest in the medical technology sector and confidence in the company's potential. As a newly public company, CapsoVision's performance is being closely watched by market participants, with the successful IPO and positive first-day trading potentially setting a promising tone for the company's future in the public markets.
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