This blog contains original articles as well as articles from the book "Start-Up", by Hervé Lebret, which exists both in English and French. It is available on Amazon as well as in electronic versions. To buy it, click here.
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Intuitive Surgical

August 26th, 2010

Here is a start-up that I heard about through various channels. As I am not an expert of medical technologies, it is not too surprising that this 15-year old, $10B company was unknown to me. You can learn more about Intuitive Surgical from their website or from answer.com. 15-year old? You may tell me it is not a start-up anymore, but it surely was! as I often do when I discover such companies, I studied its growth and its capital structure at IPO. Here they are:

What is interesting is that despite its impressive growth, Intuitive’s IPO was not a huge success. It raised little money at a price per share which is not the typical $14 that I often see with Nasdaq IPOs. It was only $9 per share. When I published this blog it was at $275!! (see the chart at the bottom of the post)

Final comment, Intuitive was based on technologies from research centers, which licensed these against equity. You may be interested in what MIT and SRI International got for their IP.

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This entry was posted on Thursday, August 26th, 2010 at 2:44 pm and is filed under Start-up data. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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