Kestra Medical Technologies Inc (KMTS) saw its stock price surge 5.22% in pre-market trading on Wednesday, reflecting strong investor interest following the company's announcement of an upsized public offering.
The digital healthcare company priced an upsized offering of 6 million shares at $23 per share, aiming to raise approximately $138 million. The offering includes an additional 900,000 shares option for underwriters, indicating robust demand for the company's stock.
This move is seen as a positive signal for Kestra Medical's growth prospects, as the successful pricing and size of the offering suggest confidence in the company's future performance and market position.
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