Ellipse Technologies, which is developing magnetically adjustable implant systems for orthopedic surgery, filed on Friday with the SEC to raise up to $75 million in an initial public offering.
The Aliso Viejo, CA-based company, which was founded in 2005 and booked $36 million in sales for the 12 months ended June 30, 2015, plans to list on the Nasdaq under the symbol MGEC. Ellipse Technologies initially filed confidentially on 8/7/2015. Piper Jaffray, William Blair and Canaccord Genuity are the joint bookrunners on the deal. No pricing terms were disclosed.
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