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Bain Capital-backed Heartflow set for Nasdaq debut after upsized $317 million IPO

ReutersAug 8, 2025 2:26 PM

Bain Capital-backed medical technology firm Heartflow HTFL.O set to begin trading on the Nasdaq under ticker symbol "HTFL" on Friday

HTFL late Thursday sold 16.7 million shares at $19 apiece for gross proceeds of $316.7 million in an upsized IPO

Mountain View, California-based HTFL upsized its offering and raised the proposed range earlier this week reflecting strong demand

HTFL marks the third sizable medtech listing in New York in less than a month

Founded in 2007 as Cardiovascular Simulation, Heartflow's AI-enabled products help physicians to diagnose and treat heart disease

J.P. Morgan, Morgan Stanley and Piper Sandler were the lead underwriters for the offering

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