International law firm Dorsey & Whitney LLP represented underwriters Piper Jaffray & Co., William Blair & Company, L.L.C. and Canaccord Genuity Inc., as joint book-running managers, and BTIG, LLC, as co-manager, of the initial public offering (IPO) of Tactile Systems Technology, Inc.
Tactile Systems Technology, Inc. (“Tactile Medical”) closed its initial public offering of 4,120,000 shares of common stock at a public offering price of $10.00 per share earlier this month. Tactile Medical is a medical technology company that develops innovative medical devices for the treatment of chronic diseases at home. Tactile Medical’s initial area of therapeutic focus is vascular disease, with devices for treating lymphedema and chronic venous insufficiency.
The Tactile Medical IPO is the first IPO by a Minnesota-based company in 18 months and the first IPO by a medical device company in the United States to date in 2016.
Dorsey advised on all phases of this successful public offering. The Dorsey team was led by Partner Jonathan Abram. The multi-office, multi-disciplinary Dorsey team also included: Partners Ken Cutler, Jeff Cadwell, Ross D’Emanuele, Christopher Doerksen, Michael Droke, Aaron Goldstein, Katina Peterson, Brian Rosenau, Scott Smith and Kim Severson; and Associates Nicole Burgmeier, Sarvesh Desai, Kelsey Dolven, Anthony Epps, Kendall Fisher, Morgan Helme, Jesse Sixkiller and Tiana Towns; and Senior Paralegal Deb Vigdal.
Dorsey Represents Underwriters in Tactile Medical IPO
August 12, 2016