Healthcare firm PACS Group rises in NYSE debut

1000mercis SA

11/04/2024 17:19

** Shares of healthcare firm PACS Group  PACS.N  rise 10% to
$23.1 in its market debut on NYSE 
    ** PACS was valued at $4 bln in its debut after its share
opened above its IPO price of $21 
    ** After a two-year dry spell, U.S. IPOs are expected to
rebound in 2024 on firming bets of a soft landing for the
world's largest economy, although the recovery has been uneven
so far
    ** Founded in 2013, PACS is a post-acute healthcare company,
primarily focused on delivering skilled nursing care through a
portfolio of independently operated facilities

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))