Inspire Veterinary Partners, which acquires and operates veterinary hospitals across the US, raised $6 million by offering 1.6 million shares at $4, the low end of the range of $4 to $6.
At pricing, Inspire Veterinary Partners has a market cap of less than $50 million, so it will be excluded from Renaissance Capital's 2023 IPO stats.
Inspire Veterinary owns and operates a network of 13 veterinary hospitals across nine states in the US. The company specializes in small animal general practice hospitals, with an emphasis on cats and dogs, though it has started offering additional services as it has expanded, including mixed animal facilities, critical care, and other specialty services.
Inspire Veterinary Partners plans to list on the Nasdaq under the symbol IVP. Spartan Capital Securities acted as sole bookrunner on the deal.
