Invuity Announces Closing Of Initial Public Offering

SAN FRANCISCO, June 18, 2015 /PRNewswire/ -- Invuity, Inc. (Nasdaq: IVTY), a commercial-stage medical technology company pioneering the use of advanced photonics to provide surgeons with improved direct visualization of surgical cavities during minimally invasive and minimal access surgical procedures, today announced the closing of its initial public offering of 4,600,000 shares of its common stock (including 600,000 shares purchased by the underwriters pursuant to an option to purchase additional shares) at the public offering price of $12.00 per share, resulting in estimated net proceeds of approximately $47.8 million, after deducting underwriting discounts and commissions and estimated offering expenses. The shares began trading on The NASDAQ Global Market under the ticker symbol “IVTY” on June 15, 2015.

Piper Jaffray, Leerink Partners and Stifel acted as joint book-running managers for the offering. William Blair acted as a co-manager.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on June 15, 2015. The offering was made only by means of a written prospectus forming part of the effective registration statement. Copies of the final prospectus relating to this offering may be obtained by contacting: Piper Jaffray & Co., Attention: Equity Capital Markets, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, or by telephone at 800-747-3924 or by email at prospectus@pjc.com; or Leerink Partners LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, or by telephone at (800) 808-7525, ext. 6142 or by email at syndicate@leerink.com; or Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, CA 94104, or by telephone at (415) 364-2720 or by email to syndprospectus@stifel.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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SOURCE Invuity, Inc.