NEWS & VIEWS

Global private equity and venture capital news and research

Insulin pump maker Tandem Diabetes Care surges after IPO

14 Nov 2013

stock brokerage market share listedVenture capital-backed Tandem Diabetes Care surged after its IPO on the Nasdaq exchange, which valued the medical devices company at $15 per share.

Tandem Diabetes Care, which offered 8m shares worth $120m, jumped to nearly $19 in the first two hours of trading. In October AltAssets reported that the company filed to raise $100m via an IPO.

Underwriters including BofA Merrill Lynch, Piper Jaffray, Deutsche Bank Securities and Stifel have an option to acquire a further 1.2m shares.

The company’s backers include TPG Biotechnology Partners, Kearny Venture Partners, Delphi Ventures, Domain Associates and HLM Venture Partners.

Tandem Diabetes’ products include the t:slim insulin pump, which it said is the slimmest and smallest durable insulin pump currently on the market. It is also the first insulin pump with a high resolution, colour touch screen.

Copyright © 2013 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014