PicardMedical (PMI.US) IPO raises $17 million, dual certification artificial heart supports a valuation of $320 million.

According to the app of Wise Finance, Picard Medical, a medical device company in Tucson, Arizona, officially disclosed the terms of its initial public offering (IPO) on Monday. The company plans to issue 4.3 million shares of common stock at a price range of $3.50 to $4.50 per share, with expected proceeds of $17 million. Based on the midpoint of the offering range, the company's fully diluted valuation will reach $320 million. The IPO application has been submitted to the US stock exchange, with plans to trade under the ticker symbol "PMI".