AI Spine Surgery Firm Carlsmed Raises $100.5 Million in IPO

Carlsmed Inc. raised $100.5 million in its US initial public offering, pricing shares in the medical technology company within a marketed range.

The firm, which uses AI to personalize spine surgery, sold 6.7 million shares at $15 apiece, according to terms of the deal seen by Bloomberg News. The company had offered shares for $14 to $16 each, according to an earlier US Securities and Exchange Commission filing.

At the IPO price, Carlsbad, California-based Carlsmed has a market value of $397.7 million based on the outstanding shares listed in the filing.

Affiliates of B Capital Group and US Venture ...