Medtech Firm Mainstay Medical Eyes $31.9 Million IPO

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Irish medical-device maker Mainstay Medical, which makes devices to alleviate lower back pain, is planning to raise up to €23m via a dual-listing on the Irish Stock Exchange and the Euronext exchange in Paris. The flotation will value the company at around €128m.

The company has operations in Ireland, Australia and the US.

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