Concentra Group, a leading occupational health services company, is set to start trading on the New York Stock Exchange under the ticker symbol CON after announcing the pricing of its initial public offering (IPO).
Key Details on CON Stock:
- 22.5 million shares of CON stock priced at $23.50 each are included in the IPO.
- Underwriters have the option to acquire an additional 3,375,000 shares at the IPO price.
- Select Medical (NYSE:SEM) is the parent company of Concentra Group.
- After the IPO, Select Medical will own a significant stake in CON stock.
- Trading for CON shares will begin today and end on Friday.
Investors should closely monitor CON stock’s performance on its first day of trading to gauge market sentiment towards the IPO price. Stay updated on the latest stock market news to make informed investment decisions.
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