April 2014, (Austin Business Journal-C Calnan)–LDR Holding Corp. is planning to raise $25 million in a secondary public offering of its common stock.The Austin-based medical device maker expects to sell 3.8 million shares of common stock in the offering, which includes an option for the
LDR Holding (Nasdaq: LDRH), founded in France in 2000, develops implantable spine devices and instrumentation. The company employs 323 workers and operates offices in Germany, Spain, China, South Korea and Brazil.
It completed an initial public offering in October 2013.
In February, LDR Holding reported a fourth-quarter loss of $14.9 million compare with a $1.7 million loss in the fourth quarter of 2012, when it was still a private company.For the full year, LDR’s posted a loss of $27.8 million versus an $8.9 million loss during 2012.