Kestra Medical Shares Rise in Nasdaq Debut

MT Newswires Live
07 Mar

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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