The Humana-backed primary care provider has closed its initial public offering after its share price more than doubled post-IPO.
Oak Street Health, the US-based primary care provider backed by health system owner Humana, closed its initial public offering at approximately $377m yesterday.
The company floated on Thursday last week pricing more than 15.6 million shares on the New York Stock Exchange at $21 each to raise $328m.
Oak Street’s shares closed at $44.00 on Monday, giving it a market capitalisation of about $10.6bn, before the underwriters bought more than 2.3 million more shares through the over-allotment option.
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