Surgical Care Affiliates announced the closing of its underwritten public offering of 7 million shares of common stock.
The stocks were sold at $33.25 per share. The underwriters fully exercised the option to purchase an additional 1.05 million shares of common stock, resulting in a total offering of 8.05 million shares of common stock.
SCA did not sell any shares and did not receive any proceeds from the sale of the common stock. Due to the sale of shares TPG Global now owns less than 50 percent of the company's outstanding shares of common stock. Thus, SCA is no longer a controlled company under NASDAQ listing rules.