September 8, 2021
Framingham healthcare data firm seeks $327M in IPO
Photo | Matthew Wright
Kate Shamsuddin, chief product officer at Definitive Healthcare of Framingham
By Katherine Hamilton
Framingham healthcare intelligence company Definitive Healthcare Corp. announced in a Tuesday release it will offer 15,555,555 shares of its class A common stock in an initial public offering on the Nasdaq.
Shares for the IPO are expected to be between $21 and $24 each, according to the announcement. Underwriters will be granted a 30-day option to purchase up to an additional 2,333,333 shares at the same price.
Definitive Healthcare said it plans to use a portion of the proceeds to purchase corporate interests and repurchase shares.
In August, the company announced it was applying to list common stock under the symbol DH on the NASDAQ Global Select Market Composite.
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