Money Makers Mentor

Pulmonx IPO Is Announced – The Buttonwood Tree

Pulmonx Corporation filed for its IPO. The IPO will see the company trade shares on the NASDAQ under the ticker symbol LUNG. As of yet, there is no word as to the number of shares there will be or how much the shares will cost. However, in their S-1 Filing Pulmonx makes note that their max aggregate price offering is $86.255 million. This price includes the aggregate offering price of the shares that the underwriters have the option to buy.

As of right now, there is no dollar amount specified for the use of proceeds from Pulmonx IPO. However, some of the money will go to hire more sales and marketing staff. More will go to expand marketing programs in the U.S., Europe, and Asia Pacific, which will promote the sales of Zephyr Valves. Further, more money will go to fund product developme…

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