Guardian Pharmacy Announces Successful $14/share IPO Launch
Guardian Pharmacy Services Launches Major IPO
Guardian Pharmacy Services, Inc. (GRDN) recently made headlines with the announcement of its initial public offering (IPO), which has been upsized to encompass 8,000,000 shares of Class A common stock. The shares are being offered at a public price of $14.00 each, a strong signal of the company’s ambitions and market confidence.
What to Expect From the IPO
The shares are set to make their market debut on the New York Stock Exchange (NYSE), with trading anticipated to start on September 26, 2024, under the ticker symbol GRDN. The planned closing date for the offering is September 27, 2024, pending the standard closing conditions that accompany such events.
Underwriters and Offering Details
Raymond James plays a pivotal role in this offering, acting as the lead bookrunning manager and representative for the underwriters. Alongside Raymond James, Stephens Inc. and Truist Securities are serving as joint bookrunning managers, further reinforcing the offering's profile within the investment community.
Additional Offering Options
Supporting this IPO, Guardian Pharmacy has granted the underwriters a 30-day option to acquire up to 1,200,000 additional shares of Class A common stock, priced according to the public offering with deductions for the underwriting discount. This strategic move not only creates an opportunity for further capital raising but also reflects the company’s confidence in investor interest.
Regulatory Compliance and Public Interest
The regulatory landscape for this IPO was navigated effectively, with a registration statement on Form S-1 approved by the U.S. Securities and Exchange Commission on September 25, 2024. This registration was essential for carrying out the public offering, ensuring that potential investors have all the required information.
Accessing the Final Prospectus
For those eager to learn more about the specifics of this offering, copies of the final prospectus will be available following clearance. Interested parties can request this document from Raymond James & Associates, Inc., with details provided for both telephone and email inquiries. This step is crucial as it provides transparency and detailed information about the investment opportunity.
Final Notes on the Offering
It is important to highlight that this announcement does not serve as an offer to sell or an invitation to buy the securities, a common standard in public offerings. It aligns with the necessary legal frameworks to protect both the issuing company and potential investors during this process.
Frequently Asked Questions
What is Guardian Pharmacy Services, Inc.?
Guardian Pharmacy Services, Inc. is a healthcare company focused on providing pharmacy services, catering primarily to skilled nursing facilities and other care providers.
What does GRDN stand for?
GRDN is the stock ticker symbol under which Guardian Pharmacy Services, Inc. will trade on the New York Stock Exchange.
When will the shares begin trading?
The shares are expected to start trading on September 26, 2024.
Who are the underwriters for this IPO?
Raymond James is the lead underwriter, supported by Stephens Inc. and Truist Securities.
What is the public offering price of the IPO?
The public offering price for the IPO is set at $14.00 per share.
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