Medical Device Maker Mobia Seeks to Raise $160 Million in US IPO

Mobia Medical Inc., a maker of medical devices to help stroke survivors, is seeking to raise as much as $160 million in a US initial public offering.

The Austin-based firm plans to market 10 million shares at $14 to $16 each, according to its filing Monday with the US Securities and Exchange Commission. At the top of the price range, Mobia would have a market value of about $529 million, based on the outstanding shares listed in the filing.