Corporate ActionMay 4, 2026, 06:12 AM
Mobia Medical Sets IPO Terms: 10M Shares at $14-$16 on Nasdaq
AI Summary
Mobia Medical, Inc. filed an S-1/A amendment detailing its initial public offering of 10,000,000 shares of common stock, expected to price between $14.00 and $16.00 per share and trade on Nasdaq under "MOBI". The company also issued $40.0 million in convertible notes in early 2026, which will convert into common stock upon the IPO's closing. Mobia Medical, a commercial-stage medical device company, reported 2025 revenue of $32.0 million, a 104.8% increase year-over-year, with a net loss of $46.5 million.
Key Highlights
- Mobia Medical plans an initial public offering of 10,000,000 common shares.
- Expected public offering price range is $14.00 to $16.00 per share.
- Shares are expected to trade on Nasdaq Global Select Market under "MOBI".
- Underwriters have an option to purchase up to an additional 1,500,000 shares.
- Issued $40.0 million in 2026 Convertible Notes, converting at IPO close.
- 2025 revenue was $32.0 million, up 104.8% from $15.6 million in 2024.
- 2025 net loss was $46.5 million, compared to $24.6 million in 2024.
- Gross margin was 81.1% in 2025, up from 79.6% in 2024.