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BioWorld - Thursday, January 22, 2026
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Home » Kestra follows IPO with $138M upsized offering
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Kestra follows IPO with $138M upsized offering

Dec. 3, 2025
By Annette Boyle
After raising more than twice as much as expected in its March IPO, Kestra Medical Technologies Inc. appears poised to repeat its success with an upsized secondary offering as well. The Kirkland, Wash.-based company initially planned to offer 5.5 million shares in its second pass at the market but increased the number of shares to 6 million two days later when it set the price at $23 per share. The projected gross proceeds of $138 million provide a nice addition to the $232 million raised nine months ago.
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