Nant Health files for initial public offering

Nant Health LLC late Friday filed for an initial public offering to raise up to $92 million in capital, according to a filing with the Securities and Exchange Commission. Culver City, Calif.-based Nant uses computer models to personalize treatment decisions for patients with critical illnesses. In 2015, the company booked a net loss of $72 million on revenue of $58.3 million. Jefferies and Cowen & Co are serving as joint book-running managers. The company plans to trade on the Nasdaq under the ticker symbol “NH”.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply