Sign in Subscribe
High technology industry

Shoulder Innovations Prices Initial Public Offering, Raises $75 Million

Strategic Insights

— 1 min read

Shoulder Innovations, a commercial-stage medical technology company, has completed its initial public offering (IPO), raising $75 million in gross proceeds. The company's common stock began trading on the New York Stock Exchange under the ticker symbol 'SI' on July 31, 2025. This milestone marks a significant step for Shoulder Innovations, a company exclusively focused on transforming the shoulder surgical care market. Latham & Watkins LLP advised Shoulder Innovations in the IPO, with a corporate team led by partners Shayne Kennedy and Ross McAloon.

Key Takeaways:

  • Shoulder Innovations, a commercial-stage medical technology company, has priced its initial public offering (IPO) of 5,000,000 shares at $15 per share, raising $75 million in gross proceeds.
  • The company's common stock began trading on the New York Stock Exchange under the ticker symbol 'SI' on July 31, 2025.
  • Latham & Watkins LLP advised Shoulder Innovations in the IPO, with a corporate team led by partners Shayne Kennedy and Ross McAloon.
  • The offering is expected to close on August 1, 2025, subject to satisfaction of customary closing conditions.
  • Experienced legal expertise was provided in various areas, including FDA regulatory matters, healthcare regulatory matters, tax matters, data privacy matters, intellectual property matters, and executive compensation, employment and benefits matters.
  • Multiple associates were part of the team, demonstrating the company's commitment to collaborative and comprehensive advice.

Statistics:

  • Gross proceeds from the offering: $75 million
  • Number of shares offered: 5,000,000
  • Public offering price per share: $15
  • Date of stock trading commencement: July 31, 2025
  • Date of expected closing: August 1, 2025
  • Company's ticker symbol on the NYSE: 'SI'
  • Team size: Representatives from multiple offices participated, including Orange County/Bay Area, Washington, D.C., Bay Area, Chicago, and Los Angeles.

Sources:

  • Shoulder Innovations, Inc.
  • Latham & Watkins LLP
  • "Shoulder Innovations, Inc. announces the pricing of its initial public offering."

Read more