Device Maker Applied Medical Files for IPOTuesday, November 15, 2011
Rancho Santa Margarita-based device maker Applied Medical Corp. has filed plans to raise up to $95 million in a public offering.
Applied said its stock wouldn’t be listed on a national stock exchange but could trade on the low-profile OTC bulletin board exchange.
A ticker symbol and offering date haven’t been set yet.
Applied had sales of $160 million in the six months through June, up 28% from a year earlier.
The company had a profit of $25.9 million, up 335% from a year ago.
Applied is the second major Orange County-based company to file plans to go public in recent months.
Tilly’s Inc., an Irvine-based clothing retailer, filed plans in July for an IPO that could raise $100 million.