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MarketWatch MarketPulseJul 29, 2021
HealthCare Royalty to offer 46.9 million shares in IPO, priced at $15 to $17 each
HealthCare Royalty Inc. said Thursday it has started the roadshow for its initial public offering and plans to offer 46.9 million shares priced at $15 to $17 each. The company, which acquires royalties in the biopharmaceutical business, has applied to list on Nasdaq under the ticker "HCRX." Proceeds of the deal will be used along with a concurrent debt financing to fund a corporate reorganization, to fund royalty acquisitions and for general corporate purposes. Goldman Sachs, Citigroup and Credit Suisse are lead underwriters in a syndicate of 13 banks.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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