Tactile Systems Technology, Inc. priced its initial public offering on July 27, 2016, the first Minnesota-based IPO of 2016. FaegreBD represented Tactile, a medical device company, in the 13-month process.
The IPO featured more than 4.1 million shares of common stock sold at a public offering price of $10 per share. Piper Jaffray & Co., William Blair & Company LLC and Canaccord Genuity Inc. acted as joint book-running managers for the offering. BTIG LLC acted as co-manager for the offering.