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Inspire Medical Systems sets terms for IPO

Inspire Medical Systems sets terms for IPO

MINNEAPOLIS ≠- Inspire Medical Systems plans to raise $75 million by offering 5 million shares at a price range of $14 to $16 as part of an initial public offering that it announced earlier this month. Insiders plan to purchase $15 million worth of shares in the IPO, according to Nasdaq. Inspire Medical Systems, which plans to list on the New York Stock Exchange under the symbol INSP, makes FDA-approved neurostimulation technology that provides treatment for moderate to severe obstructive sleep apnea. It generated $29 million in sales for the 12 months ended Dec. 31, 2017.

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