|
Public Policy Holding Co Inc on Wednesday announced the pricing of its initial public offering on the Nasdaq Global Market in the US for total gross proceeds of around $50.8 million. The group of advisory firms specialising in government affairs and public relations is based in Washington, DC, but currently trades on London’s AIM market. The shares will begin trading on Wednesday on the Nasdaq Global Market, while the offering is expected to close on Thursday. PPHC said the 4.2 million shares will be offered at $12.25 each. The offering consists of 3.4 million shares of common stock offered by PPHC and 750,000 by existing stockholders. PPHC will not receive any proceeds from the sale of shares by the selling stockholders. PPHC granted a 30-day over-allotment option to buy up to an additional 622,500 shares at the public offering prices. Last August, the firm said it expected to float on Nasdaq once the Securities & Exchange Commission had completed a standard review. PPHC has appointed Oppenheimer & Co and Canaccord Genuity as lead bookrunning managers, alongside joint bookrunner Texas Capital Securities. Shares in PPHC were down 1.9% at 1,020.00 pence on Wednesday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
