INDIANAPOLIS (February 10, 2021—Apria, Inc. (the company or Apria) announced today the pricing of its initial public offering of 7,500,000 shares of its common stock at a price to the public of $20.00 per share. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock. The shares are expected to begin trading on the Nasdaq Global Select Market on Feb. 11, 2021 under the symbol “APR.” The offering is expected to close on Feb. 16, 2021, subject to customary closing conditions.
Apria will not receive any net proceeds from the sale of its common stock by the selling stockholders, including from any exercise by the underwriters of their option to purchase additional shares of the common stock from the selling stockholders.
Citigroup and Goldman Sachs & Co. LLC are acting as joint lead book-running managers for the offering. BofA Securities, J.P. Morgan and UBS Investment Bank are acting as joint book-running managers for the offering. Piper Sandler, Citizens Capital Markets, Fifth Third Securities and TD Securities are acting as co-managers for the offering.
The proposed offering of these securities will be made only by means of a prospectus. When available, copies of the prospectus relating to the proposed initial public offering may be obtained from the below companies:
Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
(800) 831-9146
prospectus@citi.com
Goldman Sachs & Co. LLC
Attention: Prospectus Department
200 West Street
New York, NY
(212) 902-1171
FAX: (212) 902-9316
prospectus-ny@ny.email.gs.com
BofA Securities
Attention: Prospectus Department, NC1-004-03-43
200 North College Street, 3rd floor
Charlotte NC 28255-0001
(800) 294-1322
dg.prospectus_requests@bofa.com
J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
(866) 803-9204
prospectus-eq_fi@jpmchase.com;
UBS Securities LLC
Attention: Prospectus Department
1285 Avenue of the Americas
New York, NY 10019,
(888) 827-7275
ol-prospectus-request@ubs.com.
A registration statement relating to these securities was filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Visit apria.com for more information.
