908 Devices Inc. (MASS) Prices 6.5M Share IPO at $20/Share

908 Devices Inc. (NASDAQ: MASS), a pioneer of purpose-built handheld and desktop mass spec devices for chemical and biomolecular analysis, today announced the pricing of its upsized initial public offering of shares of its common stock, with 6,500,000 shares being offered by the Company at a public offering price of $20.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 975,000 shares of common stock from the Company at the public offering price. The shares are expected to begin trading on the Nasdaq Global Market on December 18, 2020 under the ticker symbol “MASS.” The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses payable by 908 Devices are expected to be $130.0 million, excluding any exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on December 22, 2020, subject to the satisfaction of customary closing conditions.

Cowen and SVB Leerink acted as lead book-running managers for the proposed offering. William Blair and Stifel acted as book-running managers for the proposed offering.

A registration statement on Form S-1 relating to the shares sold in the initial public offering has been filed with the Securities and Exchange Commission and became effective on December 17, 2020.

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