Signify Health Inc., which has offices in Norwalk, began trading on the New York Stock Exchange in an initial public offering this week, raising $564 million.
The company sold 23.5 million shares of its Class A common stock, which had an initial price at $24 per share.
Shares began trading on Thursday under the symbol SGFY. On Friday at 1 p.m., the stock was selling at $34.69 per share.
According to the company, underwriters have up to 30 days to buy an additional 3.53 million shares at the initial price, less discounts and commissions.
The company plans to use money raised from the IPO for general corporate purposes, and for potential acquisitions or investments in other businesses or technologies it believes will complement its expansion efforts.
Signify Health is a healthcare platform that uses analytics, technology and healthcare provider networks. It aims to improve how care is delivered and paid for, so people can spend more time at home, instead of in care settings.
Contact Michelle Tuccitto Sullo at msullo@newhavenbiz.com.
