Provided by Dow Jones By Colin Kellaher Apria Inc. on Wednesday said its initial public offering will include 7.5 million shares priced at between $19 and $21 apiece. The Indianapolis provider of home healthcare equipment majority-owned by Blackstone Group Inc. isn t selling any shares in the IPO. Instead, the shares will be sold by Blackstone, which took Apria private in 2008 in a $1.6 billion deal. Blackstone will still hold a roughly 68.8% stake in Apria after the IPO, assuming the underwriters exercise an option to buy an additional 1.13 million shares. Apria said it would have about 38.2 million shares outstanding after the offering, for a market capitalization of roughly $704 million at the $20-a-share midpoint of the expected pricing range.
Ruhnn Enters into Definitive Agreement for Going Private Transaction
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HANGZHOU, China, Feb. 3, 2021 /PRNewswire/ Ruhnn Holding Limited ( ruhnn or the Company ) (NASDAQ: RUHN), a leading internet key opinion leader ( KOL ) facilitator in China, today announced that it has entered into an Agreement and Plan of Merger (the Merger Agreement ) with RUNION Holding Limited ( Parent ) and RUNION Mergersub Limited ( Merger Sub ), a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement and subject to the terms and conditions thereof, Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity and becoming a wholly owned subsidiary of Parent (the Merger ), in a transaction implying an equity value of the Company of approximately US$296.4 million.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Apria Announces Launch of Initial Public Offering
Apria, Inc.February 3, 2021 GMT
INDIANAPOLIS, Feb. 03, 2021 (GLOBE NEWSWIRE) Apria, Inc. (the “Company” or “Apria”) announced today the launch of its initial public offering of 7,500,000 shares of its common stock to be sold by certain of its stockholders. The initial public offering price is currently expected to be between $19.00 to $21.00 per share. The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock. Apria intends to list its shares of common stock on the Nasdaq Global Select Market under the symbol “APR.”
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