PACS Group Prices Upsized $450M Initial Public Offering Of 21,428,572 Common Shares At $21/Share
Portfolio Pulse from Benzinga Newsdesk
PACS Group has priced its upsized initial public offering (IPO) at $450 million, offering 21,428,572 common shares at $21 each. The shares are set to begin trading on the NYSE under the ticker symbol 'PACS' on April 11, 2024, with the offering expected to close by April 15, 2024.
April 11, 2024 | 7:16 am
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PACS Group's IPO is priced at $450M with shares at $21 each, beginning to trade on the NYSE on April 11, 2024.
The announcement of PACS Group's IPO pricing and the commencement of trading on the NYSE is a significant event that directly impacts its stock. The upsized offering indicates strong demand or confidence in the company's value proposition, potentially leading to positive investor sentiment and an uptick in stock price upon listing.
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