The parent of teleradiology services provider NightHawk Radiology Services, NightHawk Radiology Holdings, has priced its initial public offering (IPO) at $16 per share.
NightHawk will sell 5.8 million shares and entities affiliated with Summit Partners will sell 500,000 shares, according to the Coeur d'Alene, ID-based firm. Certain selling shareholders have granted the underwriters an overallotment option to purchase up to an additional 945,000 shares. Shares of NightHawk common stock will trade on the Nasdaq National Market under the symbol "NHWK."
NightHawk will receive net proceeds of approximately $84.3 million from the offering, which it intends to use to repay outstanding debt and for general corporate purposes, the company said.
By AuntMinnie.com staff writers
February 9, 2006
Related Reading
NightHawk Radiology buys telerad firm, October 31, 2005
NightHawk readies IPO, October 6, 2005
NightHawk raises $25 million, April 7, 2004
NightHawk Radiology brings overreading from Down Under, March 21, 2002
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