Aliso Viejo-based Ellipse Technologies Inc. filed for an initial public offering with the Securities and Exchange Commission to raise up to $75 million.
The 10-year-old company makes noninvasive adjustable implants for correcting orthopedic disorders, such as early onset scoliosis.
The number of shares of common stock and the price range for Ellipse’s offering hadn’t been determined. The company is proposing to offer shares on the Nasdaq Global Market under the ticker symbol MGEC.
Ellipse posted a net loss of $3.5 million on revenue of $20.3 million in the six-month period ended June 30.
