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Kestra Medical Technologies Priced, Nasdaq: KMTS

Makes a wearable cardioverter defibrillator for higher-risk cardiac arrest patients.

Industry: Health Care

Latest Trade: $21.27 0.00 (0.0%)

First Day Return: +28.5%

Return from IPO: +25.1%

We have developed and are commercializing our Cardiac Recovery System platform, a comprehensive and advanced system that integrates monitoring, therapeutic treatment, digital health, and patient support services into a single, unified solution. The cornerstone of our Cardiac Recovery System platform is the ASSURE WCD, a next generation wearable cardioverter defibrillator (“WCD”) used to protect patients at an elevated risk of sudden cardiac arrest (“SCA”), a major public health problem that accounts for approximately 50% of all cardiovascular deaths in the U.S. The ASSURE WCD automatically monitors elevated risk patients and, if needed, delivers a defibrillation shock to return the patient’s heart to normal rhythm. We believe our Cardiac Recovery System platform addresses serious unmet needs in the cardiac patient population and has the potential to disrupt and grow the market which has been limited to a single solution for more than 20 years. As of January 31, 2025, our system is actively being prescribed by more than 550 hospitals across the U.S., representing approximately 20% of WCD prescribing hospitals in the U.S., and has been worn by over 17,000 patients since it was fully commercially launched. In our top 50 hospitals, we believe we have successfully captured approximately 45% of the currently available prescriptions based on company-sourced data on all hospitals that we serve in the U.S. and the percentage of WCD filled prescriptions at those hospitals that are for our ASSURE WCD.
IPO Data
IPO Date 03/05/2025
Offer Price $17.00
Price Range $14.00 - $16.00
Offer Shares (mm) 11.9
Deal Size ($mm) $202
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
BofA Securities
Goldman Sachs
more
Company Data
Headquarters Kirkland, WA, United States
Founded 2014
Employees at IPO 300
Website www.kestramedical.com

Kestra Medical Technologies (KMTS) Performance

Created with Highcharts 10.3.2Chart context menuKMTS vs. IPO Index (IPOUSA)5. Mar6. Mar8. Mar10. Mar11. Mar12. Mar13. Mar14. Mar0%+ 20%+ 40%-20%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexKMTSOur ETF tracks the IPO Index