- Walgreens-back (NASDAQ:WBA) VillageMD is said to prepare for an IPO potentially in the third quarter that may raise more than $500m.
- The IPO may raise as much as $1b and value VillageMD, which was founded in 2013, at up to $10 billion, according to a Bloomberg report.
- Walgreens Boots in January announced it would speed up its investment in VillageMD. WBA said in July it would invest $1B in equity and debt in VillageMD over three years, including an initial $250M equity investment and in January said the remaining $750M investment has been completed.
- Recall Dec. 2, Walgreens to open 40 full-service Village Medical primary care clinics.
Walgreens-backed VillageMD is said to plan IPO, report says
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Symbol | Last Price | % Chg |
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WBA | - | - |
Walgreens Boots Alliance, Inc. |