Ra Medical Systems (RMED) IPO Opens 26% Higher

Today's IPO for Ra Medical Systems, Inc. (NYSE: RMED) opened for trading at $21.50 after pricing 3,900,000 shares of common stock at a price to the public of $17.00 per share.

Piper Jaffray & Co. and Cantor Fitzgerald & Co. are acting as lead joint book-running managers for the offering. SunTrust Robinson Humphrey, Inc. is acting as lead manager and Nomura Securities International, Inc. and Maxim Group LLC are acting as co-managers for the offering.

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