Street Talk
Kai Medical tests waters for IPO
Sarah Thompson and Anthony Macdonald
Updated
Appetite for initial public offerings may not be particularly healthy, but that has not stopped JPMorgan testing investor interest in a float of medical device company Kai Medical.
The IPO is thought to be worth up to $100 million. The company claims its methods for treating sleep apnea are quieter and easier to maintain than the masks used by incumbent market leader ResMed .
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