PACS Group Opens Trading at $23, IPO Price at $21
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PACS Group, Inc. Announces Pricing of Its Upsized Initial Public Offering
April 10, 2024 11:25 PM EDTFARMINGTON, Utah--(BUSINESS WIRE)-- PACS Group, Inc. (PACS or the Company) today announced the pricing of its upsized initial public offering of 21,428,572 shares of its common stock being sold by the Company at a public offering price of $21.00 per share, for total gross proceeds of approximately $450 million, before deducting underwriting discounts and commissions and offering expenses. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,214,284 shares of the Companys common stock at the initial public offering price, less underwriting discounts and commissions. PACS will not receive any proceeds from any sale of... More
