LivsMed completes Korean IPO to accelerate remote robotic surgery

LivsMed has partnered with Sovato on telesurgery. Source: LivsMed

LivsMed LLC last week said it has completed an initial public offering, or IPO, on Korea’s KOSDAQ market. It raised about ₩135.9 billion ($94 million U.S.) at ₩55,000 per share, bringing its market capitalization to ₩1.4 trillion, or approximately $1 billion, making it a medical technology “unicorn.”

The company said it will use the proceeds to build an integrated production base, fund research and development, and...