Another day, another Nashville IPO...
Shares of health care payment processor Emdeon will this morning begin trading on the New York Stock Exchange, having been sold to the public at $15.50, the high end of their expected range.
Nashville-based Emdeon has raised $367 million during its IPO, 55 percent of which will go to its two private-equity firm shareholders, General Atlantic and Hellman & Friedman. If investor demand warrants it — which market watchers think is likely, given the growing prominence of health care IT — the company could raise another $55 million.
The company's shares will trade under the ticker symbol EM. Morgan Stanley, Goldman Sachs, UBS and Barclays Capital are managing the offering, which is hitting the market a day after Cumberland Pharmaceuticals completed its IPO, raising about $85 million.
Davidson County |
Nashville |
Cumberland Pharmaceuticals Inc. |
Emdeon Inc. |
Initial public offerings |
Information technology: Healthcare |
Payment processing |
Market-movers
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