PACS Group to raise $450 mln in US IPO at over $3 bln valuation [Reuters]
CG Oncology, Inc. (CGON)
Company Research
Source: Reuters
The company priced its IPO at the mid-point of its previous target range of $20 to $22, valuing it at around $3.1 billion based on the outstanding shares listed in its filing with the U.S. Securities and Exchange Commission. The firm will debut on the New York Stock Exchange on Thursday under the symbol "PACS" (PACS.N) New Tab , opens new tab According to its release, PACS focuses on delivering nursing care through a portfolio of independently operated facilities. After a two-year dry spell, U.S. IPOs are expected to rebound in 2024 on firming bets of a soft landing for the world's largest economy, although the recovery has been uneven so far. Since the beginning of the year, Healthcare companies CG Oncology (CGON.O) New Tab , opens new tab and KKR-backed BrightSpring Health Services (BTSG.O) New Tab , opens new tab have made contrasting market debuts, signaling investors remained cautious. Get U.S. personal finance tips and insight straight to your inbox with the Reu
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CGON
News
- CG Oncology, Inc. (NASDAQ: CGON) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "neutral" rating to a "buy" rating. They now have a $50.00 price target on the stock.MarketBeat
- CG Oncology Reports First Quarter 2024 Financial Results and Provides Business Updates [Yahoo! Finance]Yahoo! Finance
- CG Oncology Reports First Quarter 2024 Financial Results and Provides Business UpdatesGlobeNewswire
- CG Oncology: ASCO Play And Top-Line Data End Of 2024 Could Drive Further Value [Seeking Alpha]Seeking Alpha
- CG Oncology, Inc. (NASDAQ: CGON) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $75.00 price target on the stock.MarketBeat
CGON
Sec Filings
- 5/16/24 - Form 4
- 5/16/24 - Form 3
- 5/9/24 - Form 8-K
- CGON's page on the SEC website