05:22 AM EDT, 07/25/2024 (MT Newswires) -- Select Medical Holdings ( SEM ) and unit Concentra Group Holdings Parent ( CON ) said late Wednesday that Concentra's initial public offering of 22.5 million common shares was priced at $23.50 per share.

The IPO pricing range was previously set at between $23 and $26 per share.

The company granted the underwriters a 30-day option to buy up to an additional about 3.4 million shares to cover possible over-allotments.

Concentra's common stock has been approved for listing on the New York Stock Exchange under the symbol "CON" and is expected to start trading on Thursday. The IPO is expected to close on Friday.

Once the IPO is complete, Select Medical ( SEM ) will own about 82.2% of Concentra's outstanding common stock, or about 80.1% if the underwriters fully exercise their over-allotment option.

Price: 39.20, Change: +0.33, Percent Change: +0.85