ALC - Meet members of the 2021 IPO class: Healthcare - 2
With 62 recent IPOs becoming part of The Russell 2000 small-cap index following its Q3 recalibrations, we highlight the healthcare stocks among the new entrants. The below discussion is a follow-up to the previous article on newly IPO’d healthcare constituents in the Index. RxSight A MedTech firm focused on ophthalmology RxSight (NASDAQ:RXST) has lost over 22% since its IPO in late July, which generated about $120 million in net proceeds for the company. Aliso Viejo, California-based RxSight (RXST) offers a Light Adjustable Lens system to help doctors customize and optimize the visual acuity of patients following their cataract surgery. The company competes with large and well-capitalized rivals such as Alcon (NYSE:ALC), Johnson & Johnson (NYSE:JNJ), and Bausch + Lomb of Bausch Health (NYSE:BHC). RxSight (RXST) has already earned bullish views from Bank of America and JP Morgan despite the ongoing COVID-led impact on medical procedures. CVRx A recent addition to Russell 2000 and 3000 Indexes, CVRx (NASDAQ:CVRX) also
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Meet members of the 2021 IPO class: Healthcare - 2