Medical imaging start-up Nanox closes at $21.70, up 20.6%, after raising $165.2 M in its IPO

Medical imaging start-up Nanox closes at $21.70, up 20.6%, after raising $165.2 M in its IPO

Less than a month after the Israeli medical imaging startup Nanox raised $59 million in funding and said it was close to going public, the company has now sucked it up. Today the business announced that it raised $165.2 million in an initial public offering. And after its shares were priced at $18 for its launching on […] Today the business announced that it raised$165.2 million in a preliminary public offering. Nanox’s business is based around a vertical design: It has developed a cutting-edge, downsized scanner that aims to complete versus bigger and more costly existing x-ray devices, with the first design called the Nanox.ARC. Nanox states the ARC comes in at 70 kg versus 2,000 kg for the typical CT scanner, and production expenses are around $10,000 compared to $1-3 million for the CT scanner. Nanox is working on something extremely cutting edge, and potentially disruptive, with a lot of big business currently supporting that effort. …