Credit: Shutterstock photoThe shortened holiday week ahead will see two deals come to market, raising just over $100 million combined. Coming off 15 pricings in May, the seasonally strong June should see similar or improved market activity.
NantHealth ( NH ) - Led by billionaire CEO Dr. Patrick Soon-Shiong, this healthcare IT company claims a $50 billion market opportunity for its SaaS-based data solutions. The company has a high cash burn ($36 million in MRQ) and an accumulated deficit of $324 million. Dr. Soon-Shiong is also the CEO of 2015 biotech IPO NantKwest ( NK ), down 70% since the offering. Insiders have indicated for 77% of the $91 million deal.
Sensus Healthcare ( SRTSU ) - The micro cap device maker is raising $11 million to expand its sales and marketing efforts of its non-surgical non-melanoma skin cancer treatment system. It is also paying a dividend to preferred shareholders.
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The article US IPO Week Ahead: Billionaire doctor back with another IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
