Outset Medical scores $242M in IPO that tops targets

Portable dialysis business Outset Medical Inc. raised $242 million on Tuesday in an IPO that handily beat expectations. It opens one of the Bay Area's busiest periods in years for new stocks being introduced from the region, with five IPOs on the calendar this week, three more in the wings and several others coming by way of direct listings and "blank check" mergers. San Jose-based Outset Medical sold nearly 9 mil lion shares at $27 each, giving it an initial market cap of about $1.1 billion. It…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news