Medical Devices IPOs

Performance analysis and trends for 25 IPOs in the medical devices sector.

Total IPOs

25

Avg Return

-65.5%

Success Rate

8.3%

2 of 24 positive

Total Market Cap

$5.7B

Recent IPOs (2024+)

CompanyDateIPO PriceCurrentReturnMarket Cap
LMRI
Lumexa Imaging Holdings, Inc.
12/11/2025$18.50$9.34-49.5%$897.7M
POAS
Phaos Technology Holdings (Cayman) Limited
11/13/2025$4.00$2.14-46.5%$29.3M
PMI
Picard Medical, Inc.
8/29/2025$4.00$0.45-88.8%$33.8M
CV
CapsoVision, Inc.
7/2/2025$5.00$6.78+35.6%$337.9M
BBNX
Beta Bionics, Inc.
1/30/2025$17.00$10.08-40.7%$449.2M
CBLL
CeriBell, Inc.
10/11/2024$17.00$20.80+22.4%$787.7M
ITOC
iTonic Holdings Ltd.
9/5/2024N/A$0.40N/A$3.7M
WOK
WORK Medical Technology Group LTD
8/23/2024$4.00$1.20-70.0%$1.5M

Best Performers

CompanyReturnIPO Date
CV
CapsoVision, Inc.
+35.6%7/2/2025
CBLL
CeriBell, Inc.
+22.4%10/11/2024
PRCT
PROCEPT BioRobotics Corporation
-7.9%9/15/2021
BBNX
Beta Bionics, Inc.
-40.7%1/30/2025
POAS
Phaos Technology Holdings (Cayman) Limited
-46.5%11/13/2025

Worst Performers

CompanyReturnIPO Date
UTRS
Minerva Surgical, Inc.
-100.0%10/22/2021
GMVDF
G Medical Innovations Holdings Ltd.
-100.0%6/25/2021
SONX
Sonendo, Inc.
-97.3%10/29/2021
MXCT
MaxCyte, Inc.
-93.3%7/30/2021
LUCD
Lucid Diagnostics Inc.
-92.6%10/14/2021

Activity by Year

2025
5 IPOs
-38.0%
2024
3 IPOs
-23.8%
2022
3 IPOs
-76.3%
2021
14 IPOs
-79.0%

All Medical Devices IPOs

CompanyDateIPO PriceCurrentReturnExchange
LMRI
Lumexa Imaging Holdings, Inc.
12/11/2025$18.50$9.34-49.5%NASDAQ
POAS
Phaos Technology Holdings (Cayman) Limited
11/13/2025$4.00$2.14-46.5%NYSE American
PMI
Picard Medical, Inc.
8/29/2025$4.00$0.45-88.8%NYSE American
CV
CapsoVision, Inc.
7/2/2025$5.00$6.78+35.6%NASDAQ
BBNX
Beta Bionics, Inc.
1/30/2025$17.00$10.08-40.7%NASDAQ
CBLL
CeriBell, Inc.
10/11/2024$17.00$20.80+22.4%NASDAQ
ITOC
iTonic Holdings Ltd.
9/5/2024N/A$0.40N/ANASDAQ
WOK
WORK Medical Technology Group LTD
8/23/2024$4.00$1.20-70.0%NASDAQ
NXL
Nexalin Technology, Inc.
9/16/2022$4.15$0.37-91.1%NASDAQ
HSCS
HeartSciences Inc.
6/15/2022$4.25$2.00-52.9%NASDAQ
TNON
Tenon Medical, Inc.
4/27/2022$5.00$0.76-84.8%NASDAQ
TIVC
Tivic Health Systems, Inc.
11/11/2021$5.00$1.01-79.8%NASDAQ
SONX
Sonendo, Inc.
10/29/2021$12.00$0.33-97.3%OTC Pink
UTRS
Minerva Surgical, Inc.
10/22/2021$12.00$0.00-100.0%OTC Pink
LUCD
Lucid Diagnostics Inc.
10/14/2021$14.00$1.04-92.6%NASDAQ
PRCT
PROCEPT BioRobotics Corporation
9/15/2021$25.00$23.03-7.9%NASDAQ
MXCT
MaxCyte, Inc.
7/30/2021$13.00$0.88-93.3%NASDAQ
RXST
RxSight, Inc.
7/30/2021$16.00$7.17-55.2%NASDAQ
CTKB
Cytek Biosciences, Inc.
7/23/2021$17.00$4.57-73.1%NASDAQ
RPID
Rapid Micro Biosystems, Inc.
7/15/2021$20.00$2.46-87.7%NASDAQ
SERA
Sera Prognostics, Inc.
7/15/2021$16.00$1.98-87.6%NASDAQ
SGHT
Sight Sciences, Inc.
7/15/2021$24.00$4.36-81.8%NASDAQ
IINN
Inspira Technologies Oxy B.H.N. Ltd.
7/14/2021$5.51$0.48-91.3%NASDAQ
CVRX
CVRx, Inc.
6/30/2021$18.00$7.48-58.4%NASDAQ
GMVDF
G Medical Innovations Holdings Ltd.
6/25/2021$5.00$0.00-100.0%OTC Pink