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ShockWave Medical Priced, Nasdaq: SWAV

Sells medical systems used in treating cardiovascular disease.

Industry: Health Care

Latest Trade: $44.46 0.00 (0.0%)

First Day Return: +79.4%

Return from IPO: +161.5%

Industry: Health Care

We are a medical device company focused on developing and commercializing products intended to transform the way calcified cardiovascular disease is treated. We aim to establish a new standard of care for medical device treatment of atherosclerotic cardiovascular disease through our differentiated and proprietary local delivery of sonic pressure waves for the treatment of calcified plaque, which we refer to as IVL. Our IVL System, which leverages our IVL Technology, is a minimally invasive, easy-to-use and safe way to significantly improve patient outcomes. Our M5 catheter was CE-Marked in April 2018 and cleared by the FDA in July 2018 for use in our IVL System for the treatment of PAD. Our C2 catheter, which we are currently marketing in Europe, was CE-Marked in June 2018 for use in our IVL System for the treatment of CAD. We have ongoing clinical programs across several products and indications which, if successful, will allow us to expand commercialization of our products into new geographies and indications. Importantly, we are undertaking ongoing clinical trials of our C2 catheter intended to support a PMA within the United States and a Shonin submission in Japan for the treatment of CAD. We anticipate having final data from these ongoing clinical trials intended to support a U.S. launch of our C2 catheter in the first half of 2021.
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IPO News for ShockWave Medical
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IPO Data
IPO File Date 02/08/2019
Offer Price $17.00
Price Range $14.00 - $16.00
Offer Shares (mm) 5.7
Deal Size ($mm) $97
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/06/2019
Offer Price $17.00
Price Range $14.00 - $16.00
Offer Shares (mm) 5.7
Deal Size ($mm) $97
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Santa Clara, CA
Founded 2009
Employees 162
Website www.shockwavemedical.com