BUZZ-Welsh Carson-backed Lumexa Imaging poised for muted Nasdaq debut

Reuters12-12
BUZZ-Welsh Carson-backed Lumexa Imaging poised for muted Nasdaq debut

** Diagnostic imaging services provider Lumexa Imaging's LMRI.O shares poised to open slightly above offer price in its Nasdaq debut

** Stock indicated to open at $18.75 apiece vs $18.50 IPO price

** Backed by private equity firm Welsh, Carson, Anderson & Stowe (WCAS), LMRI sold 25 million shares at the midpoint of its marketed range of $17 to $20 per share to raise $462.5 million

** The U.S. IPO market is in the penultimate week of the year with robo-advisor Wealthfront poised to go public in New York on Friday

** Formerly known as US Radiology Specialists, LMRI was formed in 2018 by Charlotte Radiology and WCAS

** LMRI has expanded rapidly in recent years and its U.S. footprint spans 184 centers across 13 states

** Barclays, J.P. Morgan and Jefferies were joint lead book-running managers for offering

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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