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Spinal device company K2M Group files for a $100 million IPO

March 14, 2014

K2M Group Holdings, which develops and sells medical devices for use in spine surgeries, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Leesburg, VA-based company, which was founded in 2004 and booked $158 million in sales for the 12 months ended December 31, 2013, plans to list on the NASDAQ under the symbol KTWO. K2M Group Holdings initially filed confidentially on January 24, 2014. Piper Jaffray, Barclays and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.