Medical technology company Shoulder Innovations Inc (SI.US) plans to go public in the US and intends to raise $105 million.

According to the Chinese financial news app Caijing, as the U.S. new stock market rebounds, medical technology company Shoulder Innovations Inc, headquartered in Grand Rapids, Michigan, submitted an application for listing to the U.S. Securities and Exchange Commission (SEC) on Thursday, intending to raise up to $105 million through an initial public offering (IPO).