Si-Bone yesterday priced its initial public offering, which launched today, lifting the total it hopes to bring in from a previous maximum of $103.5 million up to $108 million.
In the offering, the Santa Clara, Calif.-based company said it will offer 7.2 million shares at $15 per share.
Si-Bone had previously said it expected to offer 6.9 million shares at between $13 and $15 per share, which would have brought in between $89.7 million and $103.5 million.
The company said that it listed on the Nasdaq Global Market under the ticker symbol “SIBN,” and that the IPO was set to begin today, according to a press release.
Morgan Stanley and BofA Merrill Lynch are acting as joint book-running managers for the IPO, with Cannaccord Genuity and JMP Securities acting as co-managers.
Si-Bone initially said it was looking to raise approximately $98.7 million in the round when it registered for the IPO in late September.
