Signify Health Inc. SGFY, announced the pricing of its initial public offering, which was well above the expected range, as the Connecticut-based health care payment program company raised $564.0 million. The company said overnight that it sold 23.5 million shares in the IPO, which priced at $24 share, above the expected range of between $20 and $21 a share, which was raised from between $17 and $19 a share. With 222.36 million Class A and Class B shares outstanding after the IPO, the pricing values the company at $5.34 billion. The stock is expected to begin trading Thursday on the NYSE under the ticker symbol “SGFY.” The company is going public at a time that the Renaissance IPO ETF IPO, +1.32% has rallied 38.8% over the past three months while the S&P 500 SPX, +0.37% has gained 9.4%.
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