K2M Group Holdings has launched its IPO after pricing its 8.825 million shares at $15 per share. The stock began trading Thursday on the NASDAQ under the ticker symbol “KTWO.” Piper Jaffray, Barclays Capital and Wells Fargo Securities are the lead underwriters. Based in Leesburg, Virginia, K2M Group Holdings is a provider of solutions for the treatment of complex spinal pathologies. Its backers include Welsh, Carson, Anderson & Stowe and Ferrer Freeman & Co. PRESS RELEASE LEESBURG, Va., May 7, 2014 (GLOBE NEWSWIRE) — K2M Group Holdings, Inc. (the “Company”), a global medical device company focused on designing, developing and commercializing innovative and proprietary complex spine technologies, techniques and minimally invasive procedures, today announced the pricing of its initial public offering of 8,825,000 shares of common stock at a price of $15.00 per share. In addition, the selling stockholders named in the registration statement have granted the underwriters a 30-day option from the date of the prospectus to purchase up to 1,323,750 additional shares of common stock at the initial public offering price, less underwriting discounts. The Company will not receive proceeds from any exercise by the underwriters of their option to purchase additional shares from the selling stockholders. The common stock is expected to begin trading on The NASDAQ Global Select Market on May 8, 2014 under the trading symbol “KTWO.” The Company expects to receive net proceeds from the offering of approximately $120.0 million, after deducting underwriting discounts and estimated offering expenses. The Company intends to use the net proceeds from the offering to retire all indebtedness outstanding under the notes held by certain of its shareholders, to repay all of the outstanding borrowings under its asset-based revolving credit facility, to pay all accumulated and unpaid dividends on its Series A redeemable convertible preferred stock and its Series B redeemable convertible preferred stock, and for working capital and general corporate purposes. Piper Jaffray & Co., Barclays Capital Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering. William Blair & Company, L.L.C. and Cowen and Company, LLC are acting as co-managers. The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from Piper Jaffray & Co., Attention: Equity Capital Markets, 800 Nicollet Mall, J12S03, Minneapolis, MN, 55402, via telephone at 800-747-3924 or email at prospectus@pjc.com; Barclays Capital Inc., Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, via telephone at 888-603-5847 or email at Barclaysprospectus@broadridge.com; and Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, New York, NY, 10152, via telephone at 800-326-5897 or email at cmclientsupport@wellsfargo.com. The registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”). This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About K2M K2M Group Holdings, Inc. is a global medical device company focused on designing, developing and commercializing innovative complex spine and minimally invasive spine technologies and techniques used by spine surgeons to treat some of the most difficult and challenging spinal pathologies. K2M has leveraged these core competencies to bring to market an increasing number of products for patients suffering from degenerative spinal conditions. These technologies and techniques, in combination with a robust product pipeline, enable the company to favorably compete in the global spinal surgery market.