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Healthcare alliance Premier prices IPO above the range at $27, raising $760 million
9/25/2013 9:59:00 PM
By: Renaissance Capital
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.