Ardent Health, Inc.

Ardent Health, Inc. (ARDT) priced its initial public offering on Jul 18, 2024 at $16.00 per share, below its $20.00–$22.00 range, raising $192M, and listed on NYSE. At the IPO price its market capitalization was about $2.26B. J.P. Morgan was lead-left underwriter, joined by BofA Securities, Morgan Stanley and Citigroup and others. Latham & Watkins advised the underwriters.

Status

IPO

Ticker

ARDT

Exchange

NYSE

Priced

Jul 18, 2024

IPO price

$16.00

Price range

$20.00–$22.00

Raised

$192M

Market cap at IPO price

$2.26B

First filed

Dec 4, 2018

Underwriters

J.P. Morgan, BofA Securities, Morgan Stanley, Citigroup, Leerink Partners, RBC Capital Markets, Truist, Mizuho, Capital One and Loop Capital

Underwriters' counsel

Latham & Watkins

Sector

Healthcare

Country / state

TN

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.