Guardian Pharmacy Aims for $974 Million Valuation in Upcoming US IPO
Guardian Pharmacy Sets Eye on $974 Million IPO
Guardian Pharmacy is making headlines as it prepares for an initial public offering (IPO) with a valuation target of up to $974 million. The IPO will see the company listing on the prestigious New York Stock Exchange under the ticker symbol "GRDN". This move comes as Guardian Pharmacy collaborates with respected underwriters Raymond James, Truist Securities, and Stephens Inc to facilitate the offering.
Market Potential and Future Growth
The anticipated IPO is expected to create ripples in the pharmaceutical market, attracting both institutional and retail investors. Guardian Pharmacy aims to leverage this capital for future expansions and to enhance its service delivery in the healthcare sector. The strategic partnership with these financial institutions underscores the confidence in Guardian Pharmacy's business model and its growth trajectory.
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