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Pair Of Health Care Cos. Net Combined $487M In IPOs

Tiomkin Law Offices of Elliott Tiomkin > Legal News  > Pair Of Health Care Cos. Net Combined $487M In IPOs

Pair Of Health Care Cos. Net Combined $487M In IPOs

Law360 (August 6, 2020, 6:08 PM EDT) — Health care chain Oak Street and medical device company Acutus started trading Thursday after raising a combined $486.8 million in initial public offerings steered by Kirkland & Ellis LLP and Davis Polk & Wardwell LLP.

Oak Street Health Inc.’s shares opened at $42.50 on the New York Stock Exchange Thursday after the Chicago-based health care company raised $328 million in its IPO by selling 15.6 million shares for $21 each. Acutus Medical Inc. started trading on the Nasdaq Global Select Market, where its shares opened at $24.11. California-headquartered Acutus raised $158.8 million in its IPO by selling roughly 8.8 million shares…

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