Wednesday, May 25, 2016
NantHealth Sets IPO Pricing Range
Culver City-based NantHealth, one of the startups out of billionaire Patrick Soon-Shiong's NantWorks portfolio, has set its IPO pricing range at between $12.50 and $15.50 per share, the company said in a regulatory filing on Tuesday. The company is selling 6,500,000 shares of its common stock in the offering, which would list the company as NH on the NASDAQ Global Market. The next step in the IPO process is the company's roadshow to investors and actual pricing of an IPO. NantWorks owns 60.6% of Nant Health, with additional backing from Allscripts and other investors. The IPO, if successful, would be the second IPO of a company led by Soon-Shiong in the last year; he successfully led another NantWorks company, NantKwest, to an IPO in August of 2015. NantHealth is focused on personalized medicine.