Thorne HealthTech To Raise $70M Via IPO At $10/Share

Thorne HealthTech Inc (NASDAQ:THRN) has priced its initial public offering (IPO) of 7 million shares of its common stock at $10.00 per share.
The company had estimated the IPO price to be $10 - $11 per share.
Thorne HealthTech has granted the underwriters a 30-day option to purchase up to an additional 1 million shares.
The gross proceeds from the offering are expected to be $70.0 million.
The company's shares will begin trading on the Nasdaq Global Select Market on September 23, 2021, under the ticker symbol "THRN."
The offering is expected to close on September 27, 2021.