Heartflow shares surge in Nasdaq debut

Investing.com -- Shares of Heartflow opened at $28 on Friday, jumping over 47% above the initial public offering price of $19 per share in their Nasdaq debut. This opening price valued the medical technology company at $2.27 billion.

On Thursday, Bain Capital-backed Heartflow announced it would sell nearly 16.7 million shares at $19 each in the IPO, which initially gave the company a market capitalization of approximately $1.59 billion before trading began.

The Mountain View, California-based company had already previously increased the size of its IPO earlier this week to 16.7 million shares, priced between $17 and $18 each. This was an expansion from the original plans to offer 12.5 million shares at a price range of $15 to $17 per share.

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