Ellipse Technologies Inc. on Friday filed for an initial public offering, seeking to sell $75 million worth of shares. The Aliso Viejo, Calif., medical technology company makes adjustable orthopedic implants. Underwriters include Piper Jaffray and William Blair. The company said its revenue reached $26 million in 2014, while net losses reached $3.2 million that year. Ellipse lost $3.5 million in the six months ended June 30. The company is expected to trade on the Nasdaq stock exchange under the symbol MGEC.
Published at Market Watch