Avinger (AVGR) IPO Opens Modestly Higher

Today's IPO for Avinger, Inc. (Nasdaq: AVGR) opened for trading at $13.23 after pricing 5,000,000 shares of its common stock at a public offering price of $13.00 per share, the middle of the expected $12-$14 range.

Canaccord Genuity Inc. and Cowen and Company, LLC are acting as joint book-running managers and Oppenheimer & Co. Inc., BTIG, LLC., and Stephens Inc. are acting as co-managers for the offering.

Avinger is a commercial-stage medical device company that designs, manufactures and sells image-guided, catheter-based systems that are used by physicians to treat patients with peripheral arterial disease, or PAD. The company manufactures and sells a suite of products including the Lightbox imaging console, as well as the Wildcat, Kittycat, and the Ocelot family of catheters. Avinger is based in Redwood City, California.

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