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Public Policy Holding Company Begins Marketing IPO
(MENAFN- PRovoke)
WASHINGTON - Public Policy Holding Company has begun marketing its proposed initial public offering, as it moves closer to a planned Nasdaq listing.
The strategic communications and public affairs holding company plans to offer a total of 4.15 million shares of common stock, including 3.4 million newly issued shares sold by the company and 750,000 shares sold by existing shareholders. Proceeds from the sale of shares by selling shareholders will not go to the company.
PPHC has also granted underwriters a 30-day option to purchase up to an additional 622,500 shares to cover potential over-allotments. Oppenheimer and Canaccord Genuity are acting as lead bookrunning managers for the offering, with Texas Capital Securities serving as a joint bookrunner.
The launch of investor marketing marks a key procedural step in PPHC's move toward the public markets, as management begins formal outreach to institutional investors ahead of pricing and a potential Nasdaq listing.
The strategic communications and public affairs holding company plans to offer a total of 4.15 million shares of common stock, including 3.4 million newly issued shares sold by the company and 750,000 shares sold by existing shareholders. Proceeds from the sale of shares by selling shareholders will not go to the company.
PPHC has also granted underwriters a 30-day option to purchase up to an additional 622,500 shares to cover potential over-allotments. Oppenheimer and Canaccord Genuity are acting as lead bookrunning managers for the offering, with Texas Capital Securities serving as a joint bookrunner.
The launch of investor marketing marks a key procedural step in PPHC's move toward the public markets, as management begins formal outreach to institutional investors ahead of pricing and a potential Nasdaq listing.
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