InnovAge Holding, which provides value-based care to high-cost dual-eligible seniors through PACE, raised $350 million by offering 16.7 million shares at $21, the high end of the upwardly revised range of $20 to $21. The company originally planned to offer its shares at $17 to $19, before raising the range on Wednesday.
InnovAge Holding plans to list on the Nasdaq under the symbol INNV. J.P. Morgan, Barclays, Goldman Sachs, Citi, Baird, William Blair, Piper Sandler and Capital One Securities acted as lead managers on the deal.
