Tactile Systems Technology, which sells at-home compression therapy devices for vascular swelling, filed on Monday with the SEC to raise up to $86 million in an initial public offering.
The Minneapolis, MN-based company was founded in 1995 and booked $60 million in sales for the 12 months ended September 30, 2015. It plans to list on the Nasdaq under the symbol TCMD. Tactile Systems Technology filed confidentially on September 28, 2015. Piper Jaffray, William Blair and Canaccord Genuity are the joint bookrunners on the deal. No pricing terms were disclosed.
