Sections

    1. Investment Snapshot

    2. Price Chart

    3. Valuation & Price Target

    4. Business & Product Moat

    5. Market & Macro

    Discussion


Investment Snapshot
Price Chart
Valuation & Price Target
Business & Product Moat
Market & Macro
Discussion

Heartflow, Inc.

Investment Snapshot

Symbol

HTFL

IPO Date (Actual)

2025-08-08

Offer Range

$19.00

Shares Offered

16.7M

Total Shares Post-IPO

97.3M

Market Cap

Target Price
$00.00

Implied Upside vs Midpoint

$00.00

Use of Proceeds

Price Chart

Historic Price Chart - HTFL
Valuation & Price Target

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Business & Product Moat

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Competitor Set
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Market & Macro

Sector context: Surgical & Medical Instruments & Apparatus

Same-industry IPOs from the last 365 days (as of 2026-06-04). Returns from IPO open price.

Median IPO open → current
-13.1%
win 25% · n=4
Median first month
+10.2%
win 50% · n=4
CompanyIPO DateOpen → CurrentFirst Month

MDLN

Medline Inc.
2025-12-17+5.7%+25.8%

PMI

Picard Medical, Inc.
2025-08-29-97.2%+72.6%

SI

SHOULDER INNOVATIONS, INC.
2025-07-31-7.4%-5.4%

CARL

CARLSMED, INC.
2025-07-23-18.8%-12.6%

Discussion