Remote-ICU

Remote ICU monitoring company Visicu came out with a bang yesterday, as the stock, priced at $16 rose to $25 in the first 10 minutes of trading. The stock closed the day at $24.78, raising more than $100 million for the company.

The closing price valued the company, launched in 1998 by two Johns
Hopkins intensive-care specialists, at more than $750 million. The 6.9
million new shares sold yesterday represent about 20 percent of the
company; executives and early investors control the balance.

The only other company to get a bigger first-day pop among 44 public
offerings this year was Chipotle Mexican Grill Inc., which nearly
doubled from its offering price on Jan. 26 after being spun off from
McDonald's Corp., according to Renaissance Capital's IPOhome.com.

Visicu has gone from one customer in 2003 to almost 100 hospitals. They now have 27 monitoring centers serving 173 ICUs. Revenue has grown from $2.2 million in 2003 to $5.5 million in 2004 to $18.4 million in 2005.

There continues to be interest in medical device and technology companies.

Visicu is the second telemedicine company to go public this year.
The first was NightHawk Radiology Holdings Inc., which provides night
and weekend emergency-room services in the United States by sending
images to Australia and Switzerland, where they are read by
radiologists.

That offering gained 29 percent on its first day of
trading in February, and has risen even higher since. The shares
slipped 37 cents, or 1.5 percent, to close at $23.82 Wednesday on the
Nasdaq.

Congrats to all the folks at Visicu! Now that you've gone public, can you take down that annoying narration from your home page?