InnovAge Announces Launch of Proposed Secondary Offering of Common Stock by Selling Stockholders
InnovAge announced a secondary offering of 10,000,000 shares by funds affiliated with Apax Partners and Welsh, Carson, Anderson & Stowe, with a 30-day underwriter option for up to 1,500,000 additional shares. The company is selling no shares and will receive no proceeds, but will bear offering costs other than underwriting discounts.
Key figures
- Shares Offered
- 10000000
- Option days
- 30
- Company proceeds
- 0
- Underwriter option shares
- 1500000
AI analysis
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