Entellus Medical Prices IPO At $17 Per Share

(RTTNews) - Entellus Medical, Inc., a medical technology company, Wednesday announced the pricing of its initial public offering of 4.60 million shares of its common stock at an initial public offering price of $17.00 per share, before underwriting discounts and commissions.

In addition, Entellus Medical has granted the underwriters a 30-day option to purchase up to an additional 690,537 shares of common stock at the same price. The offering is expected to close on February 3.

The shares are expected to begin trading on The NASDAQ Global Market under the ticker symbol "ENTL" on January 29.

BofA Merrill Lynch and Piper Jaffray are acting as joint book-running managers for the offering. William Blair and Canaccord Genuity are acting as co-managers.