01:41 PM EDT, 09/16/2024 (MT Newswires) -- Guardian Pharmacy Services said Monday it has launched its underwritten initial public offering of 6.75 million class A common shares.

The company said it expects to grant the underwriters a 30-day option to buy up to about 1 million additional shares at the IPO price, less the underwriting discount.

The estimated IPO price range is $14 to $16 per share, the company said.

Guardian said it has received approval to list its shares on the New York Stock Exchange under the symbol GRDN.