Renaissance Capital logo

Carlsmed Priced, Nasdaq: CARL

Provides custom equipment and AI-enabled software for spine fusion surgery.

Industry: Health Care

Latest Trade: $12.30 -0.25 (-2.0%)

First Day Return: -3.3%

Return from IPO: -16.3%

We are a commercial-stage medical technology company pioneering AI-enabled personalized spine surgery solutions with a mission to improve outcomes and decrease the cost of healthcare for spine surgery and beyond. We are focused on becoming the standard of care for spine fusion surgery. The aprevo Technology Platform consists of artificial intelligence (“AI”)-enabled software solutions, and interbody implants that we custom design for each patient’s unique pathology and vertebral bone topography, and single-use surgical instruments (the “aprevo Technology Platform”). The aprevo Technology Platform was designed to address the limitations of traditional spine fusion surgery and aims to optimize patient outcomes and reduce the need for revision surgeries. By providing personalized surgical plans and interbody implants for custom vertebral fit that are powered by AI-enabled, outcomes-based algorithms, the aprevo Technology Platform supports surgeons in achieving proper spinal alignment for patients with degenerative disc disease (“DDD”), which can improve clinical outcomes and reduce the likelihood of revision surgeries. We currently market the aprevo Technology Platform for lumbar spine fusion surgery, and we are further developing the aprevo Technology Platform for use in cervical spine fusion surgeries, which we expect to commercialize in 2026.
IPO Data
IPO Date 07/22/2025
Offer Price $15.00
Price Range $14.00 - $16.00
Offer Shares (mm) 6.7
Deal Size ($mm) $101
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
BofA Securities
Goldman Sachs
more
Company Data
Headquarters Carlsbad, CA, United States
Founded 2018
Employees at IPO 100
Website www.carlsmed.com

Carlsmed (CARL) Performance

Created with Highcharts 10.3.2Chart context menuCARL vs. IPO Index (IPOUSA)Jul 22Jul 24Jul 28Jul 30Aug 3Aug 5Aug 7Aug 11Aug 13Aug 17Aug 19-20%0%+ 20%-40%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexCARLOur ETF tracks the IPO Index