Kestra Medical Shares Rise in Nasdaq Debut

MT Newswires Live

03-07

Kestra Medical Technologies (KMTS) shares rose in their debut on Nasdaq Thursday after the company priced its initial public offering of about 11.9 million shares at $17.00 per share.

The shares were up over 30% at $22.13 in recent trading after opening at $22.95.

Underwriters, including BofA Securities and Goldman Sachs, will have a 30-day option to buy up to almost 1.8 million additional shares, Kestra said. The offering is expected to close Friday.

Price: 22.35, Change: +5.35, Percent Change: +31.44

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