Latham & Watkins Advised Shoulder Innovations On Its US$75 Million Initial Public Offering

Latham & Watkins advised Shoulder Innovations on its US$75 million initial public offering

The leading international law firm Latham & Watkins LLP advised Shoulder Innovations, Inc. (“Shoulder Innovations”), a commercial-stage medical technology company transforming the shoulder surgical care market, on its initial public offering.

The offering comprised 5,000,000 shares of common stock at a public offering price of US$15 per share, generating gross proceeds of approximately US$75 million, excluding any exercise of the underwriters’ option to purchase additional shares. Shoulder Innovations’ common stock began trading on the New York Stock Exchange under the ticker symbol “SI” on July 31, 2025. The offering is expected to close on August 1, 2025, subject to customary closing conditions.

Shoulder Innovations is exclusively focused on advancing innovative solutions for shoulder surgical care and aims to set new standards for implant technology in the orthopaedic market.

The Latham & Watkins team was led by Shayne Kennedy (Partner, Corporate, Orange County/Bay Area) and Ross McAloon (Partner, Corporate, Orange County/Bay Area), with support from Ben Winnett (Associate), Kennedy Holmes (Associate), and Chloe Barr (Associate). Liz Richards (Partner, FDA Regulatory, Washington D.C.), with Evan Miller (Associate) and Christelle Tchaou (Associate), advised on FDA regulatory matters. Betty Pang (Partner, Healthcare Regulatory, Bay Area) advised on healthcare regulatory aspects. Joseph Kronsnoble (Partner, Tax, Chicago), with Valerie Silva Parra (Associate), advised on tax aspects. Heather Deixler (Partner, Data Privacy, Bay Area), with Ryleigh Chen (Associate), advised on data privacy matters. Chris Hazuka (Partner, Intellectual Property, San Diego) and Robert Yeh (Counsel, Intellectual Property, San Diego), with Patrick Chew (Associate), advised on intellectual property matters. Michelle L.C. Carpenter (Partner, Executive Compensation, Employment and Benefits, Los Angeles), with Jordan Barnes (Associate) and Ellie Graham (Associate), advised on executive compensation, employment, and benefits matters.

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