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Surgical Care Affliliates prices IPO at $24, the high end of the range
By: Renaissance Capital
Surgical Care Affliliates, which operates the third largest network of outpatient surgery facilities in the US, raised $235 million by offering 9.8 million shares (20% insider) at $24, the high end of the range of $21 to $24. Surgical Care Affliliates plans to list on the NASDAQ under the symbol SCAI. J.P. Morgan, Citi, BofA Merrill Lynch, Barclays, Goldman Sachs and Morgan Stanley acted as lead managers on the deal.