PACS Group, Inc. Announces Closing of Its Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares from the Selling Stockholders
In addition, the underwriters have exercised their 30-day option to purchase an additional 3,214,284 shares of the Company’s common stock at the initial public offering price from the selling stockholders, less underwriting discounts and commissions.
- In addition, the underwriters have exercised their 30-day option to purchase an additional 3,214,284 shares of the Company’s common stock at the initial public offering price from the selling stockholders, less underwriting discounts and commissions.
- PACS did not receive any proceeds from any sale of shares by the selling stockholders.
- The Company’s common stock is listed on the New York Stock Exchange under the ticker symbol “PACS.”
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Citigroup, J.P. Morgan and Truist Securities acted as lead book-running managers for the offering.