Welcome to our dedicated page for HCRX news (Ticker: HCRX), a resource for investors and traders seeking the latest updates and insights on HCRX stock.
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HealthCare Royalty announced a roadshow for its initial public offering (IPO) of 46,875,000 shares of Class A common stock, priced between $15.00 and $17.00 per share. The company will issue 31,250,000 shares, while a selling stockholder offers 15,625,000 shares. Underwriters may buy an additional 7,031,250 shares. The funds will be utilized for corporate reorganization, royalty acquisitions, and general corporate purposes. HCRX shares will be listed on Nasdaq. Goldman Sachs, Citigroup, and Credit Suisse lead the offering.
Healthcare Royalty announced its subsidiary HCRX intends to offer $750 million in senior unsecured notes due 2029. The net proceeds will be used to repurchase partnership units from existing investors and for general corporate purposes. The offering will not be registered under the Securities Act, making it available only to qualified institutional buyers. This press release contains forward-looking statements about potential impacts from the COVID-19 pandemic on HCR's operations, which carry risks of inaccuracy.
