Monday, June 15, 2015

Invuity Up In IPO Debut

San Francisco-based Invuity, which develops medical devices used in minimally invasive surgery, debuted on the NASDAQ Global Market Friday morning, under the symbol IVTY. The company was tradsing up 23% in late afternoon trading on Monday, around $14.80, up significantly from its $12.00 IPO offering price. Invuity is venture backed by Wellington Management, HealthCare Royalty Partners, InterWest Partners, Kleiner Perkins Caufield & Byers, Hadley Harbor, The Hartford Capital Appreciation Fund, Wexford, Hadley Harbor Master Investors, CDK Associates, and others.