Select Medical's Concentra Launches IPO for 22.5M Shares on NYSE
Portfolio Pulse from Benzinga Newsdesk
Select Medical Holdings Corporation (NYSE:SEM) announced that its subsidiary, Concentra Group Holdings Parent, Inc., has launched an IPO for 22.5 million shares on the NYSE under the symbol 'CON'. The IPO price is expected to be between $23.00 and $26.00 per share. Select Medical will retain a majority stake in Concentra post-IPO.
July 15, 2024 | 10:54 am
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Select Medical's subsidiary, Concentra, has launched an IPO for 22.5 million shares on the NYSE. This move could positively impact SEM's stock price as it retains a majority stake in Concentra post-IPO.
The IPO of Concentra, a wholly owned subsidiary of Select Medical, is likely to be viewed positively by investors. The potential capital raised and the majority stake retained by SEM could enhance its financial position and market perception.
CONFIDENCE 90
IMPORTANCE 80
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