K2M, a spinal device company in Leesburg, has filed an S-1 draft registration with the Securities and Exchanges Commission to become a publicly traded company.
The S-1 form is a confidential document between the SEC and the company filing to go public, which outlines key information about the company such as its business, properties, competition, the risks of investing in the company, the company’s financial results and financial condition, among other important facts about the company.
Generally companies go public to infuse their businesses with cash, to be poised to make capital investments like research and development.
One disadvantage is that the SEC requires the company to disclose information. According to Investopedia, a financial terms encyclopedia, “Some of the additional costs include the generation of financial reporting documents, audit fees, investor relation departments and accounting oversight committees.”
“We are thrilled to see K2M continue to grow,” said Marantha Edwards, Economic Development Director for the Town of Leesburg in a prepared statement. “K2M’s continued growth in the medical device sector reflects their outstanding innovative practices, and we are thrilled to have them as part of the Leesburg business community.”
Telos, NeuStar and Orbital Science are three of the largest publicly traded companies in Loudoun County.
As a result of entering into the SEC-mandated quiet period, the company can’t comment further.