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Restoration Robotics prices IPO

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Restoration Robotics prices IPO

Restoration Robotics Inc. priced its IPO of 3,575,000 shares at $7 apiece.

The California-based medical device company also granted the underwriters a 30-day option to purchase up to 536,250 additional shares at the IPO price minus the underwriting discount to cover any overallotments.

Restoration Robotics stock is approved for listing on the Nasdaq Global Market and is expected to begin trading under the ticker symbol HAIR on Oct. 12.

The offering is expected to close on Oct. 16, subject to customary closing conditions.

National Securities Corp., a unit of National Holdings Corp., is acting as sole book-running manager for the offering. Roth Capital Partners and Craig-Hallum Capital Group are acting as co-managers.