EQT-backed audiology company Hear.com has filed for an initial public offering with the US Securities and Exchange Commission and said its expects its shares to trade on the Nasdaq Global Market under the symbol "HCG."
The Netherlands-based company said, "We first meet our consumers online before engaging with them telephonically to provide individualised advice on hearing care." It added, "Once the consumer decides to continue with hearing tests and fittings, we meet them locally through our global network of over 5,000 handpicked clinic locations," or "remotely through our proprietary Clinic-in-a-Box, which is our teleaudiology solution."
After the completion of the offering, the company said, "Auris Luxembourg III S.a r.l., an entity beneficially owned by investment vehicles affiliated with EQT and T&W Medical A/S, will continue to own a majority of the common shares eligible to vote in the election of our directors."
The company didn't give an expected size of its IPO, nor did it provide an expected price range.
Morgan Stanley, J.P. Morgan, Deutsche Bank Securities, Goldman Sachs & Co LLC, BofA Securities, William Blair and Truist Securities are listed as the offering's underwriters.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
From Dow Jones Newswires
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April 20, 2021 at 07:23PM
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EQT-backed Hear.com files for IPO - Private Equity News
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