Penumbra announces pricing of initial public offering

2230

Penumbra has announced the pricing of its initial public offering of 4,000,000 shares of its common stock at a price to the public of US$30 per share.

The offering is scheduled to close on September 23, 2015, subject to customary closing conditions. The underwriters for the offering will also have a 30-day option to purchase up to an additional 600,000 shares of Penumbra’s common stock at the price to the public, less the underwriting discounts and commissions.

Penumbra’s common stock is expected to begin trading on the New York Stock Exchange on September 18, 2015, under the symbol “PEN”. JP Morgan and BofA Merrill Lynch are acting as joint lead book-running managers for the offering. Wells Fargo Securities and Canaccord Genuity are acting as co-managers for the offering. Perella Weinberg Partners is acting as independent capital markets advisor to Penumbra for the offering.