Privia Health drops as Goldman Sachs trims stake
17/11/2022 18:06
** Privia Health Group Inc's PRVA.O shares on Thurs fall
as much as 4.8% to $22.80 after secondary offering prices. PRVA
last down 0.2% at $23.91
** Tech-based primary healthcare provider late Weds
announced 5 mln shares sold by shareholders at $23.50
** Shares on Weds closed down 11.5% at $23.96, lowest since
Jun 2, after co launched offering
** Goldman Sachs GS.N entities sold ~2.6 mln shares,
taking stake from ~24.5% to ~22%, per prospectus filing
** On Nov 10, PRVA rose 11.9% to $28.53 after co said
practice collections rose 52% yr/yr
** 2,372,491 PRVA shares have traded so far on the session,
nearly double stock's 10-DMA avg volume, per Refinitiv
** Privia went public in Apr 2021 after IPO priced at $23
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))