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PROCEPT BioRobotics Priced, Nasdaq: PRCT

Makes a surgical robotic system for minimally-invasive urologic surgery.

Industry: Health Care

Latest Trade: $38.01 0.00 (0.0%)

First Day Return: +67.8%

Return from IPO: +52.0%

Industry: Health Care

We are a commercial-stage surgical robotics company focused on advancing patient care by developing transformative solutions in urology. We develop, manufacture and sell the AquaBeam Robotic System, an advanced, image-guided, surgical robotic system for use in minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia, or BPH. BPH is the most common prostate disease and impacts approximately 40 million men in the United States. Our proprietary AquaBeam Robotic System employs a single-use disposable handpiece to deliver our Aquablation therapy, which combines real-time, multidimensional imaging, personalized treatment planning, automated robotics and heat-free waterjet ablation for targeted and rapid removal of prostate tissue. We believe that Aquablation therapy represents a paradigm shift in the surgical treatment of BPH by addressing compromises associated with alternative surgical interventions. We designed Aquablation therapy to deliver effective, safe and durable outcomes for males suffering from lower urinary tract symptoms, or LUTS, due to BPH that are independent of prostate size and shape or surgeon experience. We have developed a significant and growing body of clinical evidence, which includes nine clinical studies and over 100 peer-reviewed publications, supporting the benefits and clinical advantages of Aquablation therapy.
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IPO News for PROCEPT BioRobotics
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IPO Data
IPO File Date 08/18/2021
Offer Price $25.00
Price Range $22.00 - $24.00
Offer Shares (mm) 6.6
Deal Size ($mm) $164
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/14/2021
Offer Price $25.00
Price Range $22.00 - $24.00
Offer Shares (mm) 6.6
Deal Size ($mm) $164
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Redwood City, CA
Founded 2009
Employees 205
Website www.procept-biorobotics.com