Back to Main

Healthcare alliance Premier prices IPO above the range at $27, raising $760 million

By: Renaissance Capital
Posted: 9/25/2013 9:59:00 PM
Referenced Stocks: PINC

Premier, a member-owned healthcare alliance offering supply chain and performance services, raised $760 million by offering 28.2 million shares (all primary) at $27, above the range of $23 to $26. Premier, which initially filed confidentially on 5/31/13, plans to list on the NASDAQ under the symbol "PINC". J.P. Morgan, BofA Merrill Lynch and Wells Fargo Securities acted as the lead managers on the deal.