For-profit system Ardent Health said it’s planning to sell 14.3 million shares priced between $20 and $22 each in its upcoming initial public offering, according to documents filed with the Securities and Exchange Commission. The targeted offering would bring in $300.3 million at the midpoint of the price range, which Ardent said would bring an estimated $274.3 million of net proceeds. It also places the company at a market valuation of just over $3 billion.
Read the full article: Ardent Health IPO Targets $3B Market Valuation, $300M Raise //
Source: https://www.fiercehealthcare.com/providers/ardent-health-ipo-targets-3b-market-valuation-300m-raise