Bulletin
Investor Alert

Market Pulse Archives

Nov. 20, 2020, 10:23 a.m. EST

Sotera Health stock set to start trading after IPO pricing valued company at more than $6 billion

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Sotera Health Co. (SHC)
  • X
    Renaissance IPO ETF (IPO)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Sotera Health Co. /zigman2/quotes/222596028/composite SHC -2.84% are set to start trading Friday, after the Ohio-based sterilization and lab-testing services provider's initial public offering priced at the high end of the expected range. The company said late Thursday that its 46.6 million-share offering priced at $23.00 a share, compared with expectations of between $20 to $23, as the company raised $1.07 billion in the IPO. With 277.33 million shares outstanding after the IPO, the pricing values the company at $6.38 billion. The stock is expected to begin trading on the Nasdaq under the symbol "SHC." For the nine months through Sept. 30, the company recorded net income of $5.1 million on revenue of $601.3 million, after income of $7.1 million on revenue of $584.8 million in the same period a year ago. The company is going public on a day that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -4.07% is rising 0.9% in morning trading while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.04% is falling 0.4%.

/zigman2/quotes/222596028/composite
US : U.S.: Nasdaq
$ 18.15
-0.53 -2.84%
Volume: 1.25M
Feb. 3, 2023 4:00p
P/E Ratio
42.05
Dividend Yield
N/A
Market Cap
$5.12 billion
Rev. per Employee
$331,115
loading...
/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 29.68
-1.26 -4.07%
Volume: 163,303
Feb. 3, 2023 4:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,136.48
-43.28 -1.04%
Volume: 0.00
Feb. 3, 2023 4:54p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.