Free Newsletter
ExamWorks prices IPO at $16 per share
By: The Associated Press//October 28, 2010
ATLANTA — ExamWorks Group Inc., which provides independent medical examinations and other services for the insurance and legal industries, said Thursday that it and a mix of shareholders are offering $164.8 million in stock in an initial public offering.
The stock is being priced at the low end of the company’s previously announced range of $16 to $18 per share.
Overall, the Atlanta-based company and its shareholders are offering 10.3 million shares at $16 apiece. The company is offering about 7.7 million shares while selling shareholders are offering about 2.5 million. Meanwhile, the company granted underwriters a 30-day option to buy up to an additional 1.5 million shares to cover any excess demand.
The company expects its stock to begin trading as “EXAM” on the New York Stock Exchange on Thursday.
ExamWorks has said it expects net proceeds to the company of about $118.8 million and it will use most of it to repay debt.
Goldman Sachs, Credit Suisse and Barclays Capital are joint underwriters for the offering.
Related Content
Case Digests
- Second Circuit – Class certification: Arkansas Teachers Retirement System V. Goldman Sachs Group Inc.
- Fourth Department – Show-up identification: People v. Waggoner
- Fourth Department – Association: Victory Village Tenants Assoc. v. Evergreen Communities, et al.
- Second Circuit – In personam jurisdiction: Kaplan v. Bank Saderat PLC
- Fourth Department – Labor Law: Verdugo v. Fox Building Group
- Fourth Department – Out-of-possession landlord: Truax v. M.D. Meyer’s Properties
- Fourth Department – Discovery: Sylvester v. Sanders
- Fourth Department – Out-of-possession landlord: Smith v. Marshall Farms Group, et al.
- Second Circuit – Supervised release: United States v. Francis
- Fourth Department – Court of Claims: Santiago v. State of New York
- Fourth Department – Peremptory challenge: People v. Santiago
- Fourth Department – Negligence: Scime v. Hale Northeastern
Law News
- NY ethics panel says judges can join NRA
- Harter Secrest & Emery LLP names partner-in-charge of Buffalo office
- Banned professor sues SUNY Fredonia leaders
- Hochul signs law requiring unemployment insurance information from employers
- Appeals court cancels fine against Rochester nursing home
- Deal reached to protect reproductive health care rights at Jefferson County jail
- $1.5M settlement reached in fatal shooting by Canandaigua police officer
- Orleans County lawsuit against Genesee County threatens STAMP development
Polls
Loading ...