Company That Makes Device To Track Irregular Heartbeats Eyes $86M IPO
IRhythm has raised nearly $100 million in funding from investors.
San Francisco Business Times:
Wearable Heart Monitor Company IRhythm Technologies Plans $86M IPO
IRhythm Technologies Inc., which makes a wearable heart monitor, filed plans Friday to raise $86.25 million in an initial public offering.The eight-year-old company, which has 356 employees and is led by CEO Kevin King, plans to list on NASDAQ exchange with the symbol of "IRTC." It is one of a handful of Bay Area life sciences and medical technology IPOs this year after a boom in IPOs from 2012 through last year. (Schubarth, 9/26)