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Healthcare, wellness company Avadim Health sets price range for $75M Nasdaq IPO

Healthcare and wellness company Avadim Health Inc. plans to raise about $75 million via an IPO on the Nasdaq.

The company is offering 5 million shares at a price range of $14 to $16.

Asheville, N.C.-based Avadim Health — led by founder, Chairman and CEO Stephen Woody — develops topical products for the institutional care and consumer markets. Avadim focuses on areas of topical immune health, neuromuscular health and skin barrier health. The Theraworx Protect line consists of a variety of products that aim to support the skin's natural immune response.

Avadim Health plans to list on the exchange under the ticker symbol AHI, and expects to set a price during the week of Jan. 27.

Raymond James, SunTrust Robinson Humphrey and Oppenheimer & Co. are serving as joint book runners for the IPO.