Deals
J&J-Backed Medtech Firm HistoSonics Considers US IPO
- Company has held talks on listing with potential advisers
- HistoSonics may seek a valuation of several billion dollars
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HistoSonics Inc., a medical device company whose backers include Johnson & Johnson’s venture capital arm, is weighing a US initial public offering as soon as this year, according to people familiar with the matter.
The company has held discussions with investment banks as it evaluates a potential share sale that could raise a few hundred million dollars, the people said, asking not to be identified because the information is private. HistoSonics is considering seeking a valuation of several billion dollars in the listing, the people said.