Sotera Healthy, a Broadview Heights company that provides lab services o the medical device and pharmaceutical industries, plans to raise more than $1 billion in an initial public offering.
The company disclosed in a U.S. Securities and Exchange Commission filing on Thursday, Nov. 12, that it planned to sell 46.6 million shared priced between $20 and $23 each, which, at the top of that range, who raise $1.07 billion and would value the company at nearly $6.4 billion.
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Story excerpt provided by Crain’s Cleveland Business.
Written by Scott Suttell.
Originally published November 12, 2020.