Leesburg, Va.-based K2M Group Holdings announced today that it confidentially filed registration statements to launch an initial public offering of its common stock.
K2M, long the largest private spine implant company, did not provide details on potential timing, but said that the number of shares and price range for stock has yet to be determined.
In an interview last year K2M co-founder, president & CEO Eric Major told MassDevice.com that the company was ready for an IPO, given the right market conditions.
"I really believe we positioned the company very well now, so that when those medtech markets open up, I think we are well-positioned for an [initial public offering]. I think that’s one of the obvious potential next steps for the organization," Major said.
The company just last week celebrated its 10th anniversary, touting "rapid development of over 57 spinal technologies and related techniques" in its decade-long run. Major marked the occasion with optimism about the company’s prospects and a charge ahead for growth and continued development.
"K2M continues to have strong revenue growth and is well positioned for the future. As the company enters its 2nd decade, it must expand on the things that have made it successful," Major said in prepared remarks. "In the future K2M will also continue to focus on improving in all areas of its business and holding itself to the highest standards, all while focusing on the development of innovative technologies for less invasive techniques to address the most complex spinal pathologies."