Oceania Healthcare shares priced near bottom of IPO range at 79 cents

Wed, 12 Apr 2017

By Paul McBeth April 13 (BusinessDesk) - Oceania Healthcare will raise $200 million in an initial public offering after a bookbuild process priced the offer near the bottom of the indicative range. The Auckland-based aged-care operator will sell 253.2 million shares, representing about 41.5 percent of the stock, at 79 cents apiece after setting the price and allocations in a bookbuild this week, the company said in a statement. Oceania had planned to sell between 192.3 million and 263.2 million shares, indicating a price of between 76 ce...

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