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Updated · MarketWatch · May 8Mobia Medical prices IPO at $15 a share
10 articles · Updated · MarketWatch · May 8
- The Austin, Texas, medical-device company raised $150 million by selling 10 million shares, matching the midpoint of its expected $14-to-$16 range.
- Its shares are scheduled to begin trading on Friday under the ticker symbol MOBI.
- The pricing gives Mobia a public-market debut as investors assess demand for new healthcare and medical-device listings.
With mounting losses and uncertain reimbursement, can Mobia's single product capture its $30B market before its IPO cash runs out? Its device is FDA-approved, but a major review finds 'uncertain evidence.' Is Mobia Medical selling hope or a proven stroke therapy?