PACS Group, Inc. Announces Pricing of Its Upsized Initial Public Offering
PACS Group, Inc. (PACS)
Company Research
Source: Business Wire
FARMINGTON, Utah--(BUSINESS WIRE)--PACS Group, Inc. (“PACS” or the “Company”) today announced the pricing of its upsized initial public offering of 21,428,572 shares of its common stock being 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, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,214,284 shares of the Company’s common stock at the initial public offering price, less underwriting discounts and commissions. PACS will not receive any proceeds from any sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange on April 11, 2024, under the ticker symbol “PACS.” The offering is expected to close on April 15, 2024, subject to customary closing conditions.Citigroup, J.P. Morgan and Truist Securities a
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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