PACS Group Opens Trading at $23, IPO Price at $21
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PACS Group (PACS) Prices Upsized 21.43M Share IPO at $21/sh
April 11, 2024 5:50 AM EDTPACS Group, Inc. (NYSE: PACS) 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... More
