Thursday, June 2, 2016
Nant Health Surges In IPO
Culver City-based NantHealth, one of the companies spawned out of billionair Patrick Soon-Shiong's NantWorks incubator, was up more than 34 percent in morning trading, after the company had its IPO debut today. The company--now trading as NH on the NASDAQ Global Market--sold 6.5 million shares at $14.00 per share last night, and was trading around $18.87 this morning, having jumped as high as $21.00 earlier in the day. Nant Health is the second, successful IPO for Soon-Shiong in the last year; he also is CEO of NantKwest, which had its IPO in August. NantWorks owned 60.6% of Nant Health before the IPO.