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Minerva Surgical Priced, Nasdaq: UTRS

Makes minimally invasive devices to treat abnormal uterine bleeding.

Industry: Health Care

Latest Trade: $0.64 0.00 (0.0%)

First Day Return: -25.0%

Return from IPO: -99.7%

Industry: Health Care

We are a commercial-stage medical technology company focused on developing, manufacturing, and commercializing minimally invasive solutions to meet the distinct uterine healthcare needs of women. We have established a broad product line of commercially available, minimally invasive alternatives to hysterectomy, which are designed to address the most common causes of abnormal uterine bleeding (AUB) in most uterine anatomies. AUB is caused by a variety of factors and is characterized by menstrual blood loss in excess of 80 milliliters (ml) per menstrual cycle, which is two to three times the average blood loss during a normal menstrual cycle. Our solutions can be used in a variety of medical treatment settings and aim to address the drawbacks associated with alternative treatment methods and to preserve the uterus by avoiding unnecessary hysterectomies. We offer a broad suite of products for the treatment of structural and non-structural causes of AUB in most uterine anatomies. Our devices are utilized by obstetrician-gynecologists (OB/GYNs) across a variety of medical treatment settings, including hospitals, ambulatory surgical centers (ASCs), and physician offices. We market and sell our products through a direct sales force in the United States. Our target customer base includes approximately 19,000 OB/GYNs practicing in hospital, ASCs, and physician offices.
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IPO Data
IPO File Date 09/27/2021
Offer Price $12.00
Price Range $15.00 - $17.00
Offer Shares (mm) 6.3
Deal Size ($mm) $75
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/21/2021
Offer Price $12.00
Price Range $15.00 - $17.00
Offer Shares (mm) 6.3
Deal Size ($mm) $75
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
Piper Sandler
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Company Data
Headquarters Santa Clara, CA, United States
Founded 2008
Employees 139
Website www.minervasurgical.com

Minerva Surgical (UTRS) Performance