Heartflow Seeks Up to $212.5 Million in Initial Public Offering

Heartflow Inc. is seeking to raise as much as $212.5 million from an initial public offering, positioning it to become the third medical-technology company to go public in recent weeks.

The company, which is an artificial intelligence software platform focused on heart disease, plans to sell 12.5 million shares in a marketing range of $15 to $17 each, according to a filing Friday with the US Securities and Exchange Commission.

At the top of the range, Heartflow would command a market value of $1.32 billion based on the number of shares listed in the filing.

Heartflow’s platform aims to make ...