IPOs

Health center chain Oak Street Health prices IPO at $21, above the upwardly revised range

Oak Street Health, which operates primary care health facilities for Medicare patients in the Midwest, raised $328 million by offering 15.6 million shares at $21, above the upwardly revised range of $19 to $20. The company originally planned to offer the same number of shares at $15 to $17 before increasing the range on Wednesday morning. At pricing, the company commands a fully diluted market value of $5.0 billion.

Oak Street Health plans to list on the NYSE under the symbol OSH. J.P. Morgan, Goldman Sachs, Morgan Stanley, William Blair and Piper Sandler acted as lead managers on the deal.

The article Health center chain Oak Street Health prices IPO at $21, above the upwardly revised range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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