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Bain Capital-backed Heartflow surges in fiery Nasdaq debut

ReutersAug 8, 2025 5:20 PM

** Bain Capital-backed medical technology firm Heartflow's HTFL.O shares jump as much as 65.8% in their Nasdaq debut

** Stock opens at $28 vs $19 IPO price, valuing the firm at nearly $2.3 billion

** HTFL late Thursday sold 16.7 million shares above the marketed range of $17- $18 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 diagnose and treat heart disease

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

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