Penumbra Prices IPO At $30.00/shr

(RTTNews) - Penumbra Inc. announced the pricing of its initial public offering of 4 million shares of its common stock at a price to the public of $30.00 per share. The offering is scheduled to close on September 23, 2015, subject to customary closing conditions. The underwriters for the offering will also have a 30-day option to purchase up to an additional 600,000 shares of Penumbra's common stock at the price to the public, less the underwriting discounts and commissions.

Penumbra's common stock is expected to begin trading on the New York Stock Exchange on September 18, 2015, under the symbol "PEN".

Penumbra, Inc., headquartered in Alameda, California is a global interventional therapies company that designs, develops, manufactures and markets innovative medical devices. Penumbra has approximately 1,000 employees and sells its products to hospitals primarily through its direct sales organization in the U.S., most of Europe, Canada and Australia, and through distributors in select international markets.