InnovAge selling stockholders launch secondary offering of 10 million shares
INNV•Secondary offering by existing stockholders
InnovAge launched an underwritten secondary offering of 10,000,000 common shares by Apax Partners and Welsh, Carson, Anderson & Stowe funds.
Selling stockholders may grant underwriters a 30-day option to buy up to 1,500,000 additional common shares.
InnovAge is not selling any shares, will not receive proceeds, and will cover offering costs excluding underwriting discounts and commissions.
Barclays, Goldman Sachs and Wells Fargo Securities are joint book-running managers for the transaction.
