Stentys' IPO: European Public Markets Opening For Device Companies?

The emerging device companies that have been hardest hit by the economic woes of the past couple of years have been those looking for later-stage financing. These companies face venture investors who are either unwilling or unable to invest in late-stage deals, while also confronting an IPO market that largely remains closed to them, particularly in the US. In Europe, however, that may be changing, most notably in France, where Stentys SAS, which is developing stents to treat acute myocardial infarctions, recently became the second device company to successfully go public this year.