Siemens-backed medical device company Sphere Medical is set for an initial public offering, from which it expects to raise $24m.
UK-based Sphere Medical Holding is set to float on AIM, a stock market operated by the London Stock Exchange, according to a press release issued by the company on Thursday. Sphere is looking to raise £15m ($23.9m) from the initial public offering (IPO).
Siemens Technology Accelerator, an early stage corporate venturing division of electronics conglomerate Siemens, was a founding member of Sphere in 2002. Sphere’s microanalysers rely on technology acquired from Siemens.
Edwards Lifescience Corporation invested $3.2m in Sphere,…
