dorsaVi, used by football clubs, seeks $18 million in IPO

Five AFL clubs and two English Premier League clubs use dorsaVi’s movement monitoring system for injury prevention and the company is seeking US FDA approval.

dorsaVi Ltd, which has developed a wireless sensor movement monitoring system for the medical and sports markets, is seeking to raise $18 million in an initial public offering. The IPO, fully underwritten by Canaccord Genuity Australia Ltd, will sell 41.25 million shares to investors at 40 cents each, according to dorsaVi’s prospectus.

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