Restoration Robotics (HAIR) IPO Opens Up 22%

Today's IPO for Restoration Robotics, Inc. (NASDAQ: HAIR) opened for trading at $8.55 after pricing 3,575,000 shares of common stock at a public offering price of $7.00 per share, before the underwriting discount.

The Company has also granted the underwriters a 30-day option to purchase up to 536,250 additional shares of common stock at the initial public offering price, less the underwriting discount, to cover over-allotments, if any.

National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NASDAQ: NHLD), is acting as sole book-running manager for the offering. Roth Capital Partners and Craig-Hallum Capital Group are acting as co-managers for the offering.

Restoration Robotics, Inc., is a medical device company developing and commercializing the ARTAS® Robotic Hair Restoration System. We believe the ARTAS System is the first and only physician-assisted system to dissect, and assist in the harvesting of, follicular units directly from the scalp and create recipient implant sites using proprietary algorithms. The Company has unique expertise in machine vision, image guidance, visual servoing and robotics, as well as developing intuitive interfaces to manage these technologies.

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