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Itamar Medical Prices Offering Of American Depositary Shares

· 02/05/2021 07:32

12:21 PM EST, 02/05/2021 (MT Newswires) -- Itamar Medical (ITMR) priced a public offering of 3.05 million American depositary shares at $22.75 each for gross proceeds of about $44.8 million.

The company is selling 1.97 million shares and Viola Growth 2, a shareholder, is selling 1.08 million shares, the company said Friday. Viola Growth is expected to fetch gross proceeds of $24.6 million from its sale.

Each ADS represents 30 ordinary shares of Itamar Medical. The underwriters have an option to purchase up to an additional 457,369 ADS.

The offering is expected to close Feb. 9.

Price: 25.09, Change: +1.29, Percent Change: +5.41