Surgery Partners shares fell around 10.8 percent on its market debut, according to a Reuters report.
Here are five quick notes:
1. The company raised $271.4 million in a 14.3 million share offering with shares priced at $19 per share. This was below the original range of $23 to $26 per share.
2. On its first day trading on the market, the shares fell around 10.8 percent and the company was valued at around $818 million.
3. H.I.G. Capital owns Surgery Partners, with more than 80 percent stake in the company.
4. Surgery Partners currently operates 94 ASCs and five hospitals. Their centers span 28 states.
5. BofA Merrill Lynch, Goldman Sachs, Jeffries, Citigroup and Morgan Stanley were some of the underwriters for the IPO.