Addus HomeCare (ADUS) IPO Trades Lower
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- Addus HomeCare (ADUS) IPO Trades Lower
- Addus HomeCare (ADUS) IPO Price at $10, Below Expected Range
The IPO for Addus HomeCare Corporation (Nasdaq: ADUS) is open for trading. Shares are trading at $9.25 after pricing 5,400,000 shares at $10.00 per share, below the expected range of $11.00 and $13.00.
Robert W. Baird & Co. and Oppenheimer & Co. acted as joint book-running managers, and Stephens Inc. acted as co-manager.
Addus is a comprehensive provider of a broad range of social and medical services in the home. Addus' services include personal care and assistance with activities of daily living, skilled nursing and rehabilitative therapies, and adult day care.
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