The common stock of Henry Schein, Inc. became available to the public on Nov. 3. William Blair & Company, Alex Brown & Sons Incorporated and Montgomery Securities, co-managers of the underwriting group, announced the initial public offering of 6,165,000 shares of Henry Schein, Inc. common stock at $16 per share. Of these shares, 5,090,000 are being sold by the company and 1,075,000 are being sold by selling shareholders. The underwriters also have exercised the option to purchase 924,750 additional shares to cover over-allotments.
The net proceeds to the company will be used to retire debt.
The common stock of Henry Schein, Inc. will trade on the NASDAQ National Market under the symbol HSIC.
Henry Schein, Inc. is the largest direct marketer of health-care products and services to office-based, health-care practitioners in the combined North American and European markets.