SS Innovations International, which makes robotic surgical systems, withdrew its plans for an initial public offering on Monday. It originally filed in February 2024 with a proposed deal size of $50 million. The company is currently listed on the OTC under the symbol "SSII."
The Gurugram, India-based company was founded in 2015 and booked $5 million in revenue for the 12 months ended September 30, 2023. It had planned to list on the Nasdaq under the symbol SSII. Freedom Capital Markets was set to be the sole bookrunner on the deal.
