Apria Begins Initial Public Offering
Indianapolis-based Apria Inc. (Nasdaq: APR) has begun listing on the Nasdaq Global Select Market after an Initial Public Offering this week. The home healthcare equipment provider is looking to raise more than $170 million through the IPO, which is slated to close on February 16.
The IPO involves 7.5 million shares of common stock at a price to the public of $20 per share. The underwriters will also have a 30-day option to purchase up to an additional 1,125,000 shares.
Apria provides a variety of in-home care products and services for home respiratory therapy, obstructive sleep apnea therapy, and negative pressure wound therapy, according to its website. The company also supplies home medical equipment, such as hospital beds and ambulatory aids.
After the first day of trading on the Nasdaq, the company’s stock closed at $23.36 per share after hitting a high of $28.01.