04:57 PM EDT, 07/19/2024 (MT Newswires) -- Ardent Health Partners ( ARDT ) said Friday it has closed its initial public offering of 12 million shares at $16 per share, raising gross proceeds of roughly $192 million.

The company said it intends to use the proceeds for working capital and general corporate purposes.

Ardent shares began trading on the New York Stock Exchange Thursday.

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