Eargo (EAR) IPO Doubles on Open

Today's IPO for Eargo, Inc. (NASDAQ: EAR) opened for trading at $36 after pricing 7,851,852 shares of its common stock at a public offering price of $18.00 per share.

In connection with the offering, Eargo has granted the underwriters a 30-day option to purchase up to an additional 1,177,777 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

J.P. Morgan and BofA Securities acted as lead book-running managers and as representatives of the underwriters for the offering. Wells Fargo Securities and William Blair acted as co-managers for the offering.

Eargo is a medical device company dedicated to improving the quality of life of people with hearing loss. Eargo developed the Eargo solution to create a hearing aid that consumers actually want to use. Eargo’s innovative product and go-to-market approach address the major challenges of traditional hearing aid adoption, including social stigma, accessibility and cost.

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