CeriBell upsizes IPO, targets $578M valuation

Fargo, ND, October 9, 2024 (Reuters) -- CeriBell is aiming for a valuation of up to $578.3 million, aiming to raise $180 million by offering approximately 10.6 million shares at $16 to $17 each. The move reflects robust investor confidence in the healthcare sector, bolstered by strong recent IPO performances. Backed by TPG, CeriBell's offering showcases the increasing appetite for healthcare startups among investors.

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