Motus GI Holdings, which is developing a medical device to assist with intraprocedural colonoscopy cleaning, announced terms for its IPO on Wednesday.
The Tirat Carmel, Israel-based company plans to raise $26 million by offering 4.3 million shares at a price range of $5 to $7. At the midpoint of the proposed range, Motus GI Holdings would command a fully diluted market value of $103 million.
Motus GI Holdings was founded in 2008 and plans to list on the Nasdaq under the symbol MOTS. Piper Jaffray and Oppenheimer & Co. are the joint bookrunners on the deal. It is expected to price during the week of February 5, 2018.
