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Intersect ENT prices IPO at $11, the low end of the range

July 24, 2014

Intersect ENT, which sells absorbable nasal implants for post-surgical sinusitis relief, raised $55 million by offering 5.0 million shares at $11, the low end of the range of $11 to $13. Intersect ENT plans to list on the NASDAQ under the symbol XENT. Intersect ENT initially filed confidentially on 5/2/2014. J.P. Morgan and Piper Jaffray acted as lead managers on the deal.