Fierce Health Payers February 11, 2021
Technology company Signify Health saw its stock spike 33% on its first day of trading Thursday after raising $564 million in its initial public offering.
Shares opened at $32, well above their raised IPO price of $24 apiece. The price range was initially set at between $20 and $21 per share. The company originally planned to offer 23.5 million shares at $17 to $19 before raising the range on Wednesday, according to a company press release.
The IPO raised about $564 million through the sale of 23.5 million shares.
Based on its public debut, Signify Health has a market capitalization of $7.12 billion, according to Reuters.
The company is listed on the New York Stock Exchange under the symbol SGFY....
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