Tactile Systems Technology said this week that its investors have priced a new offering, looking to raise approximately $109 million. In the offering, investors in the Minneapolis, Minn.-based company will look to offer 3.3 million shares of common stock at approximately $33 per share. The offering will also include an underwriters option to purchase an additional […]
Tactile Systems Technology
Tactile Systems launches Flexitouch lymphedema device
Tactile Systems Technology said today it launched its Flexitouch device designed to treat lymphedema of the head and neck, touting it as the 1st and only pneumatic compression therapy approved for the condition. The Flexitouch device is designed to use pneumatic compression to stimulate the lymphatic system to deliver non-invasive, self-delivered therapy for lymphedema, which is […]
Tactile Systems reduces IPO to $46m
Leg compression device developer Tactile Systems Technology reduced its initial public offering to $46 million. Those estimates are down approximately 24% from the $60 million it said it hoped to bring in in June, which was 30% less than the $86 million projection the company put up when it registered the IPO in January. The company said on […]
Tactile Systems sets terms for $60m IPO
Leg compression device developer Tactile Systems Technology set the terms for its initial public offering today, saying it plans to float 4 million shares at $14 to $16 apiece. At the midpoint, that would fetch $60 million, or 30% less than the $86 million projection the company put up when it registered the IPO in January. […]
Compression device dev Tactile Systems files for $86m IPO
Leg compression device developer Tactile Systems Technology is aiming for to get a leg up by going public, registering for an $86 million initial public offering, according to an SEC filing posted today. Tactile Systems produces the Flexitouch fully-automated pneumatic compression device designed to treat lymphedema, and the ACTitouch wearable compression device designed to treat […]
Tactile Systems touches $10M | Wall Street Beat
Tactile Systems Technology said it reeled in a $10.4 million Series B round led by Radius Ventures, with the proceeds to go toward acquiring "a leading new product" and patents for treating lymphedema, or fluid retention.