American Healthcare REIT Inc.
American Healthcare REIT Inc. stands as the largest among the three companies, with an anticipated IPO proceeds of approximately $869 million. The specialty insurance firm, Fortegra Group Inc., expects to raise $342 million, while Fractyle Health Inc., a specialist in Type 2 diabetes and obesity treatments, aims to raise $127 million.
Mixed Market Reception
While CG Oncology Inc. experienced nearly a doubling in its trading debut last Thursday, BrightSpring Health Services Inc.’s IPO on Friday saw a decline of 15%.American Healthcare REIT’s Offering Details American Healthcare REIT, backed by investment firm AHI Group Holdings, plans to offer 56 million shares within an estimated price range of $12 to $15. BofA Securities and Morgan Stanley will serve as underwriters, with the intention to list on the New York Stock Exchange under the ticker symbol AHR. The midpoint of the price range indicates that the company will raise approximately $869.4 million, including the shares to be sold by underwriters.
Fortegra Group Inc.’s Offering Details
Fortegra Group Inc. intends to offer 18 million shares at an estimated price range of $15 to $18 for trading under the symbol TFG on the New York Stock Exchange. Goldman Sachs, JPMorgan, and Jefferies will act as underwriters. The midpoint of the range, including underwriter shares, suggests that the IPO will raise approximately $341.6 million.
Fractyle Health Inc.’s Offering Details
Fractyle Health Inc. plans to offer 7.33 million shares within an estimated price range of $14 to $16 per share. BofA Securities, Morgan Stanley, and Evercore ISI will serve as underwriters, and the company will list on the Nasdaq under the symbol GUTS. Including shares to be sold by the underwriters, the IPO is expected to raise approximately $127 million.