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
PACS Group, Inc. (PACS)
Company Research
Source: Business Wire
FARMINGTON, Utah--(BUSINESS WIRE)--PACS Group, Inc. (“PACS” or the “Company”) today announced the closing of its initial public offering of 21,428,572 shares of its common stock sold by the Company at a public offering price of $21.00 per share, for total gross proceeds of approximately $450 million, before deducting underwriting discounts and commissions and offering expenses. 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.”This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240415651211/en/PACS Group, Inc.’s Jason Murray, Co-Founder, CEO and
Show less
Read more
Impact Snapshot
Event Time:
PACS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PACS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PACS alerts
High impacting PACS Group, Inc. news events
Weekly update
A roundup of the hottest topics
PACS
News
- PACS Group, Inc. (NYSE: PACS) had its "buy" rating re-affirmed by analysts at Truist Financial Co.. They now have a $32.00 price target on the stock.MarketBeat
- PACS Group, Inc. (NYSE: PACS) had its price target raised by analysts at Royal Bank of Canada from $30.00 to $32.00. They now have an "outperform" rating on the stock.MarketBeat
- PACS Group, Inc. (NYSE: PACS) had its price target raised by analysts at Oppenheimer Holdings Inc. from $31.00 to $32.00. They now have an "outperform" rating on the stock.MarketBeat
- PACS Group, Inc. (NYSE: PACS) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $31.00 price target on the stock.MarketBeat
- PACS Group Announces Appointment of Evelyn Dilsaver to Serve as Independent Board DirectorBusiness Wire
PACS
Earnings
- 5/13/24 - Beat
PACS
Sec Filings
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- PACS's page on the SEC website