PACS Group, Inc. Announces Pricing of Its Upsized Initial Public Offering

Financial Post

Lean Right

Mixed Factuality

Individual: Leon Cooperman

Corporation: Allianz

PACS Group, Inc. Announces Pricing of Its Upsized Initial Public Offering

FARMINGTON, Utah -- PACS Group, Inc. (“PACS” or the “Company”) today announced the pricing of its upsized initial public offering of 21,428,572 shares of its common stock being sold by the Company at a public offering price of $21.00 per share, for total gross proceeds of approximately $450 million, before deducting underwriting discounts and commissions and offering expenses. In addition, certain selling stockholders have granted the underwrit…