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OrthoPediatrics celebrates initial public offering

Christina Medici Scolaro
Key Points
  • OrthoPediatrics celebrates initial public offering by ringing opening bell
  • Trades under ticker symbol KIDS
  • Serves previously-neglected field of children's medical implants
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OrthoPediatrics celebrates initial public offering

Children's orthopedic company, OrthoPediatrics, rang Friday's opening bell at the Nasdaq in celebration of its initial public offering.

OrthoPediatrics has been working on improving children's lives since it was founded in 2006. Just about a decade ago, surgeons needed to modify adult implants in order to fit children's bodies. The company turned its focus on to this neglected space of medical devices for kids.

Today, it's the only company focused exclusively on children's orthopedics. It distributes products to 29 countries outside the United States.

OrthoPediatrics raised $52 million by offering 4 million shares at $13.

Piper Jaffray and Stifel were lead bookrunners on the deal, with William Blair acting as lead manager and BTIG acting as co-manager.

The stock trades at the Nasdaq Global Market under the ticker symbol KIDS.