Convey Holding Parent (CNVY) Prices IPO at $14

June 16, 2021 6:22 AM EDT

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Convey Holding Parent, Inc., a leading healthcare technology and services company, today announced the pricing of its initial public offering of 13,333,334 shares of its common stock at a public offering price of $14.00 per share, with 11,666,667 shares offered by the Company and 1,666,667 shares offered by a selling stockholder. The underwriters have a 30-day option to purchase up to an additional 2,000,000 shares of common stock from the selling stockholder at the initial public offering price, less underwriting discounts and commissions.

Convey Health's common stock is expected to begin trading on the New York Stock Exchange on June 16, 2021, under the ticker symbol "CNVY." The offering is expected to close on June 18, 2021, subject to customary closing conditions.

The Company intends to use the net proceeds that it receives from the offering to repay amounts outstanding under its existing indebtedness and for general corporate purposes. The Company will not receive any proceeds from the sale of shares of common stock by the selling stockholder.

BofA Securities, Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-runners and representatives of the underwriters for the offering, with Barclays acting as a joint book-runner. TPG Capital BD, LLC and Truist Securities are also acting as joint book-runners for the offering, and Canaccord Genuity is acting as joint lead manager. AmeriVet Securities and Siebert Williams Shank are acting as co-managers for the offering.



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