Bioventus delivers clinically proven, cost-effective products that help people heal quickly and safely… [including]…offerings for osteoarthritis, surgical and non-surgical bone healing.
BVS is structured as a holding company, whereby BVS shareholders (after the IPO) will own a 69.5% stake in Bioventus LLC, the sole operating company; the remaining 30.5% stake in Bioventus LLC is owned by a subsidiary of SNN. (Hence, the two classes (A and B) of common shares in BVS.)
*Assuming exercise of underwriter’s option.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”