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InnovAge Announces Launch of Initial Public Offering
DENVER, Feb. 24, 2021 (GLOBE NEWSWIRE) InnovAge Holding Corp. (InnovAge) today announced the launch of its initial public offering of 16,666,667 shares of its common stock. InnovAge also intends to grant the underwriters a 30-day option to purchase up to an additional 2,500,000 shares of InnovAge’s common stock. The initial public offering price is currently expected to be between $17.00 and $19.00 per share. InnovAge has applied to list its common stock on the Nasdaq Global Select Market (Nasdaq) under the ticker symbol “INNV.”
J.P. Morgan Securities LLC, Barclays Capital Inc., Goldman Sachs & Co. LLC and Citigroup are acting as joint lead book-running managers of the offering and as representatives of the underwriters. Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C., Piper Sandler & Co. and Capital One Securities, Inc. are acting as joint book-running managers of the offering. Loop Capital Markets LL