TITLE

Vanguard IPO comes in low

AUTHOR(S)
Galloro, Vince
PUB. DATE
June 2011
SOURCE
Modern Healthcare;6/27/2011, Vol. 41 Issue 26, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Nashville, Tennessee-based Vanguard Health Systems gained 450 million U.S. dollars from its initial public offering (IPO) of 25 million shares sold at 18 U.S. dollars per share. The gross was below its expected total of 550 million U.S. dollars and sale price of 22 U.S. dollars per share. Vanguard, which could receive additional funds from investment underwriters, will use the proceeds to pay off senior discount notes due in 2016.
ACCESSION #
62283209

 

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