St. Francis Medical Tech files for IPO
Updated
St. Francis Medical Technologies, which makes a medical device for spinal surgery designed to reduce pain, has filed to go public.
The Alameda company, which has turned profitable this year after losing $3.5 million in 2005, said it received “premarket approval” for its first product last year, and brought it to market in January.
It plans to raise $86.25 million, according to the filing.
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