Quick Take
G Medical Innovations (GMVD) has filed to raise $15 million in a U.S. IPO of its ADSs, according to an amended registration statement.
The company is commercializing cardiovascular monitoring solutions.
GMVD has begun commercializing its lead product, but the IPO appears overpriced; interested investors may wish to exercise patience and wait for a potentially lower price after the IPO.
Company & Technology
Tel Aviv, Israel-based G Medical was founded in 2014 to provide a suite of e-health software solutions and mobile monitoring devices that help clinicians increase the level of