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Monday, Sep 16
Premier looks to raise as much as $733M in IPO
- Premier, a supplier of medical and surgical products to hospitals, plans to raise up to $733.2M in an IPO on Nasdaq by selling 28.2M shares at $23-26 each.
- Following the IPO, the owners, which comprise 181 hospitals, health systems and healthcare organizations, will retain 80% of Premier in Class B shares.
- The firm's revenue grew 13% to $869.3M in the year through June.
- Premier will trade under the ticker symbol PINC. (Previous)