Globus IPO Bid Is Good News For Spine Industry

Globus Medical filed for an initial public offering of stock in March, making it the first spine company to test the public markets since TranS1 raised $86 million in its own IPO at the tail end of 2007.

A spine company IPO? Well, stranger things have happened. Globus Medical Inc. filed for an initial public offering of stock last month, [See Deal] making it the first spine company to test the public markets since TranS1 Inc. raised $86 million in its own IPO at the tail end of 2007. [See Deal] The public markets aren’t typically open to spine companies. Over the past 10 years, only four companies with an exclusive spine focus managed to go public: Kyphon Inc. (before it was bought by Medtronic PLC) [See Deal], NuVasive Inc., [See Deal]Alphatec Holdings Inc., [See Deal] and TranS1 have successfully found a way onto the public markets. So Globus’ effort is definitely noteworthy.

The filing isn’t a surprise. If anything, Globus expected – and had encouraged expectations – that it would go public...

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