The initial public offerings (IPOs) of American Healthcare REIT Inc., Fortegra Group Inc., and Fractyle Health Inc. are set to take place soon. These offerings come after a mixed reception to two deals last week.
American Healthcare REIT
American Healthcare REIT is the largest of the three IPOs, with expected proceeds of approximately $869 million. They specialize in the healthcare real estate sector.
Fortegra Group Inc.
Fortegra Group Inc. is a specialty insurance company. They anticipate raising $342 million through their IPO.
Fractyle Health Inc.
Fractyle Health Inc. focuses on providing treatments for Type 2 diabetes and obesity. Their IPO is expected to bring in $127 million.
Despite a recent choppy debut from BrightSpring Health Services Inc., the overall IPO market appears to be moving forward positively.
BrightSpring Health Services Inc. and CG Oncology Inc.
While CG Oncology Inc. experienced a strong trading debut last Thursday, with its stock nearly doubling, BrightSpring Health Services Inc.’s IPO fell 15% on Friday.
Amer Sports AS IPO
Amer Sports AS, an outdoor sports gear maker, has a large IPO on the horizon. The company plans to offer 100 million shares priced between $16 and $18 each, in an effort to raise up to $1.8 billion. This IPO was scheduled to launch last week.
Once the IPO is completed, Amer Sports is expected to have a valuation of $8.7 billion, with 484.5 million shares outstanding.
American Healthcare REIT
Backed by investment firm AHI Group Holdings, American Healthcare REIT is set to make its debut on the New York Stock Exchange under the ticker symbol AHR. The company plans to offer 56 million shares at an estimated price range of $12 to $15 with underwriters BofA Securities and Morgan Stanley.
Impressive Fundraising
If we take into account the midpoint of the price range, American Healthcare REIT is expected to raise a staggering $869.4 million, including the shares that will be sold by the underwriters. This is a significant milestone for the Irvine, Calif.-based company, considering its vast portfolio and total assets of $4.6 billion across 298 properties in the healthcare space.
Fortegra Group
Another player entering the stock market is Fortegra Group, which aims to trade under the symbol TFG on the New York Stock Exchange. The company plans to offer 18 million shares at an estimated price range of $15 to $18, with underwriters Goldman Sachs, JPMorgan, and Jefferies.
Promising Prospects
The midpoint of the price range suggests that Fortegra Group’s IPO will raise approximately $341.6 million when accounting for the underwriter shares. Tiptree Holdings LLC, a principal shareholder of the company, provides backing to Jacksonville, Fla.-based Fortegra Group.
Fractyle Health
Fractyle Health is poised to join the Nasdaq under the symbol GUTS. The company plans to offer 7.33 million shares at an estimated price range of $14 to $16 a share. BofA Securities, Morgan Stanley, and Evercore ISI are the underwriters involved in this exciting venture.
A Lucrative Prospect
With the inclusion of shares sold by the underwriters, Fractyle Health’s IPO is set to raise around $127 million. This is an impressive feat for a company in the healthcare industry and highlights its potential for success.
These upcoming IPOs reveal a promising future for the healthcare and investment sectors. Investors and analysts will be keeping a close eye on these companies as they make their market debut.
