Outset Medical stock more than doubles after IPO scores a target-topping $242M

Shares of portable dialysis business Outset Medical Inc. jumped by 125% Tuesday after it raised $242 million 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, led by CEO Lesli e Trigg, sold nearly 9 million shares at $27 each.…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news