Anteris Technologies (AVR) Plans $100 Million IPO on Nasdaq

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Dec 10, 2024

Australian artificial heart valve maker Anteris Technologies announced its IPO terms, aiming to raise $100 million by offering 14.8 million shares at $6.78 each. This pricing reflects its closing price on the Australian Securities Exchange (ASX) on December 5. At this price, Anteris Technologies would have a market valuation of $244 million. The company, listed on the ASX under the ticker "AVR," specializes in treatments for aortic stenosis, with its flagship product being the DurAVR transcatheter heart valve (THV) system. Since its founding in 1999, Anteris has generated $3 million in revenue over the past year. It plans to list on Nasdaq under the ticker "AVR," with TD Cowen, Barclays, and Cantor Fitzgerald as joint bookrunners.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.