trending Market Intelligence /marketintelligence/en/news-insights/trending/kmw0CaMSRj955l2hy5RApw2 content esgSubNav
In This List

Tela Bio plans Nasdaq IPO to fund product development

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

Insight Weekly: Banks' efficiency push; vacuuming carbon; Big Pharma diversity goals

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model


Tela Bio plans Nasdaq IPO to fund product development

Tela Bio Inc. is planning an IPO to list its shares on the Nasdaq Global Market under the symbol TELA.

The Malvern, Pa.-based biotechnology company develops solutions for soft tissue repair and healing.

The company plans to use proceeds to hire additional sales and marketing personnel, expand marketing activities as well as fund product development and research activities. The remaining funds will be used for working capital and general corporate purposes.

Antony Koblish is president and CEO of Tela Bio.

Asset management companies OrbiMed Pvt. Investments IV LP and Quaker BioVentures Fund II L.P. own a 34.6% and 21.2% stake, respectively, in Tela Bio.

Jefferies LLC and Piper Jaffray & Co. are joint book-running managers for the offering. Canaccord Genuity LLC and JMP Securities LLC are the lead manager and co-manager for the IPO, respectively.