Aveanna Healthcare stock opens in line with IPO price, then slips below it

Shares of Aveanna Healthcare Holdings Inc. didn't make much of a splash in their

Aveanna Healthcare stock opens in line with IPO price, then slips below it

Portions of Aveanna Healthcare Holdings Inc. didn't make a big deal about a sprinkle in their public introduction, as the stock opened right in accordance with the first sale of stock cost. The Georgia-based home-care organization said late Wednesday that it offered 38.24 million offers in the IPO to raise $458.8 million, as the IPO estimated at $12 an offer.

The evaluating was at the lower part of the normal reach, which was brought prior Wednesday down to somewhere in the range of $12 and $13 from a past assumption for somewhere in the range of $16 and $18 an offer. Barclays and J.P. Morgan were the lead financiers. The stock's first exchange was at $12.00 at 11:43 a.m. Eastern for 2.4 million offers, which esteemed the organization at $2.16 billion. The stock has slipped since the open to exchange down 3.8% at $11.55. The organization opened up to the world on a day that the Renaissance IPO ETF dropped 2.5%, while the S&P 500 edged up 0.2%.