PPHC prices US IPO at $12.25 per share, raising $50.8 million

Public Policy Holding Company (NASDAQ: PPHC) priced its U.S. initial public offering at $12.25 per share, raising approximately $50.8 million in gross proceeds before expenses, according to a company statement.

The offering consists of 4.15 million shares, with 3.4 million shares offered by PPHC and 750,000 shares sold by existing stockholders. The company will not receive proceeds from the shares sold by existing stockholders.

PPHC granted underwriters a 30-day option to purchase up to 622,500 additional shares at the offering price. Shares began trading January 28 on the Nasdaq Global Market, with the offering expected to close January 29, subject to customary closing conditions.

Oppenheimer & Co. and Canaccord Genuity served as lead bookrunning managers, with Texas Capital Securities acting as joint bookrunner. The Securities and Exchange Commission declared the registration statement effective January 27.

PPHC operates as a strategic communications provider offering government relations, public affairs and corporate communications services. The company, incorporated in 2014, serves approximately 1,400 clients including companies, trade associations and non-governmental organizations across sectors including healthcare, financial services, energy and technology.

The company operates 18 offices in the United States and internationally, providing services that include government relations, research and analytics, digital advocacy campaigning, and compliance support.

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