Sotera Health Co. (SHC) Prices 46.6M IPO at $23/Sh

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Sotera Health Announces Pricing of Initial Public Offering

November 19, 2020 7:10 PM EST

CLEVELAND, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Sotera Health Company today announced the pricing of its initial public offering (IPO) of 46,600,000 shares of its common stock at a price to the public of $23.00 per share. The gross proceeds of the offering are expected to be approximately $1.1 billion, before deducting underwriting discounts and commissions and offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 6,990,000 shares.

The shares are expected to begin trading on the Nasdaq Global Select Market on November 20, 2020, under the symbol SHC. The offering is expected to close on November 24, 2020, subject... More