Guardian Pharmacy Services Increases Price of 8M Share IPO to $14 per Share

Guardian Pharmacy Services, Inc. (GRDN) has announced the pricing of its increased initial public offering, which consists of 8,000,000 shares of Class A common stock at a public offering price of $14.00 per share. Additionally, the company has provided underwriters with a 30-day option to buy up to 1,200,000 more shares of Class A common stock at the same price, minus the underwriting discount.

The shares are anticipated to begin trading on the New York Stock Exchange under the ticker symbol “GRDN” on September 26, 2024. The offering is expected to finalize on September 27, 2024, pending customary closing conditions.

Raymond James is serving as the lead bookrunning manager and the representative for the underwriters in this offering. Stephens Inc. and Truist Securities are acting as joint bookrunning managers.

A registration statement on Form S-1 related to this offering was approved by the U.S. Securities and Exchange Commission on September 25, 2024. This offering will be conducted exclusively through a prospectus. Once available, copies of the final prospectus can be requested from Raymond James & Associates, Inc.

This press release does not represent an offer to sell or a solicitation to buy any securities, nor shall it be construed as such in any state or jurisdiction where such actions are prohibited before being properly registered or qualified under the relevant securities laws. All offers, solicitations, or sales of securities will comply with the registration requirements of the Securities Act of 1933, as amended.