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RxSight Priced, Nasdaq: RXST

Sells premium adjustable intraocular lenses used in cataract surgery.

Industry: Health Care

Latest Trade: $11.97 -0.03 (-0.2%)

First Day Return: 0.0%

Return from IPO: -25.0%

Industry: Health Care

We are a commercial-stage medical technology company dedicated to improving the vision of patients following cataract surgery. Our proprietary RxSight Light Adjustable Lens system (“RxSight system”), comprised of our RxSight Light Adjustable Lens (“LAL”), RxSight Light Delivery Device (“LDD”) and accessories, is the first and only commercially available intraocular lens (“IOL”) technology that enables doctors to customize and optimize visual acuity for patients after cataract surgery. Our LAL is made of proprietary photosensitive material that changes shape in response to specific patterns of ultraviolet (“UV”) light generated by our LDD. With the RxSight system, the surgeon performs a standard cataract procedure to implant the LAL, determines refractive error with patient input after healing is complete, and then uses the LDD to modify the lens with the exact amount of visual correction needed to achieve the patient’s desired vision outcomes. Alternative IOL technologies, in contrast, are not adjustable following the surgery and therefore require patients to make pre-operative choices about their visual preferences, which can often result in patient dissatisfaction when visual outcomes fail to meet expectations. We designed our system to maximize patient and doctor and other provider satisfaction through superior visual outcomes.
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IPO News for RxSight
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IPO Data
IPO File Date 07/09/2021
Offer Price $16.00
Price Range $16.00 - $18.00
Offer Shares (mm) 7.4
Deal Size ($mm) $118
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/29/2021
Offer Price $16.00
Price Range $16.00 - $18.00
Offer Shares (mm) 7.4
Deal Size ($mm) $118
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Aliso Viejo, CA
Founded 1997
Employees 171
Website www.rxsight.com/us