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Monogram Technologies (Monogram Orthopaedics) Priced, Nasdaq: MGRM

Developing surgical robotic equipment for placing orthopedic implants.

Industry: Health Care

Latest Trade: $6.00 0.00 (0.0%)

First Day Return: +62.1%

Return from IPO: -17.2%

Industry: Health Care

Monogram Orthopaedics, Inc was incorporated under the laws of the State of Delaware on April 21, 2016, as “Monogram Arthroplasty Inc.” On March 27, 2017, the Company changed its name to “Monogram Orthopaedics Inc.” Monogram Orthopaedics is working to develop a product solution architecture with the long-term goal to enable patient-optimized orthopaedic implants economically at scale by linking 3D printing and robotics with advanced pre-operative imaging. The Company has a robot prototype that can autonomously execute optimized paths for high precision insertion of implants in synthetic bone specimens. Monogram intends to produce and market robotic surgical equipment and related software, orthopaedic implants, tissue ablation tools, navigation consumables, and other miscellaneous instrumentation necessary for reconstructive joint replacement procedures. The Company has not yet made 510(k) premarket notification submissions or obtained 510(k) clearances for any of its robotic products. FDA approval is required to market our products, and the Company has not obtained FDA approval for any of its robotic products, and it cannot estimate the timing to obtain such clearances.
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IPO Data
IPO File Date 11/29/2022
Offer Price $7.25
Price Range $7.25 - $7.25
Offer Shares (mm) 2.4
Deal Size ($mm) $17
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/17/2023
Offer Price $7.25
Price Range $7.25 - $7.25
Offer Shares (mm) 2.4
Deal Size ($mm) $17
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Digital Offering
Company Data
Headquarters Austin, TX, United States
Founded 2016
Employees at IPO 27
Website www.monogramtechnologies.com

Monogram Technologies (Monogram Orthopaedics) (MGRM) Performance