FMS - IPO Update: Outset Medical Finalizes Terms For IPO
Quick Take
Outset Medical (OM) has filed to raise $175 million from the sale of its common stock in an IPO, according to an amended registration statement.
The company has developed an improved kidney dialysis device for institutional and home use.
OM is growing quickly from a low base but is producing high operating losses and cash burn and the IPO appears very highly priced, so I'll pass for now.
Company & Technology
San Jose, California-based Outset was founded to design improved hemodialysis technologies to reduce the infrastructure required to operate traditional