Weight loss treatment: GI Dynamics looking to raise $102 million (USD) through Australian IPO

August 3, 2011 by MassDevice staff

Gastric sleeve maker GI Dynamics Inc. looks to raise up $102 million (USD) through an IPO in Australia, according to regulatory filings.

GI Dynamics

GI Dynamics is looking to raise between $80 to $95 million (AUS), which is about $86 million to $102 million (USD), through an initial public offering in Australia.

The company filed a prospectus with Australian regulators this morning, although shares will not be issued until Aug. 11, 2011, according to the filing.

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