SPEL News

Spinal Elements Holdings, which develops medical devices for minimally invasive spinal surgery procedures, withdrew its plans for an initial public offering on Friday. It had filed to raise $108 million by offering 7.7 million shares at a price range of $13 to $15, but postponed in October 2021. The Carlsbad, CA-based company was founded in 2003 and booked $93 million in sales for...read more

Nine IPOs and five SPACs went public this past week, and one IPO postponed. New filing activity continued to pump the breaks as we near the election, with just one new IPO filing. SPAC activity continued unabated however as nine submitted initial filings. The largest deal of the week, Array Technologies (ARRY) upsized and priced above the range to raise $1.0...read more

Spinal Elements Holdings, which develops medical devices for minimally invasive spinal surgery procedures, postponed its IPO on Thursday, citing market conditions. It had filed to raise $108 million by offering 7.7 million shares at a price range of $13 to $15.  Primary shareholders include Kohlberg & Company and CEO Jason Blain. The Carlsbad, CA-based company...read more

Five biotechs, two medical device makers, a solar panel mounting manufacturer, and a Chinese retailer are scheduled to raise $2.0 billion in the week ahead. Several companies could join the IPO calendar early in the week, including leading cybersecurity brand McAfee (MCFE) and Vista-backed software maker Datto Holding (MSP), which are on...read more