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.