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Orthopedic and Dental Industry News Complete Archive »

Amedica Prices IPO BY ANDREW VAHRADIAN, JANUARY 30, 2014

Amedica Corporation announced terms for its initial public offering (IPO) earlier this week, further demonstrating that orthopedics and spine is coming back into favor with the public investment community. The company plans to raise between $32 million and $38 million by offering 3.2 million shares at a price range of $10 to $12. At the midpoint of the proposed range, Amedica would command a fully diluted market capitalization of $143 million, which is 6.3x LTM revenues.

The Salt Lake City company specializes in silicon nitride-based implants used during joint-replacement and spinal procedures. The company had previously filed for an IPO in May 2007, but withdrew from the process three months later. JMP Securities is the sole bookrunner on the deal.

The company plans to trade its common stock on the NASDAQ exchange under the ticker "AMDA".

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