Neuronetics, Inc. (STIM) Prices 5.5M Share IPO at $17/Sh

Neuronetics, Inc. (NASDAQ: STIM) announced today the pricing of its initial public offering of 5.5 million shares of its common stock at a public offering price of $17.00 per share.

In addition, Neuronetics has granted the underwriters a 30-day option to purchase up to an additional 825,000 shares of its common stock at the public offering price, less the underwriting discount. The shares are expected to begin trading on the NASDAQ Global Market on June 28, 2018 under the ticker symbol “STIM.” The offering is scheduled to close on July 2, 2018, subject to customary closing condition.

Piper Jaffray & Co. and William Blair & Company, L.L.C. are serving as joint book-running managers for the proposed offering. Canaccord Genuity LLC is acting as lead manager for the offering, and BTIG, LLC and JMP Securities LLC are acting as co-managers for the proposed offering.

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