Surgery center chain Symbion, Nashville, said it expects to raise a net amount of $97.2 million from an initial public offering launched today and will use the money to repay debt and pay shareholders. The company, which operates 39 surgery centers in 19 states, first filed for an IPO in May 2002 but withdrew the application in April 2003, citing market conditions. Its stock will trade on the NASDAQ stock exchange under the symbol "SMBI." Some 7.2 million shares are being offered at an initial price of $15 per share. -- by Julie Piotrowski
Surgery center chain launches $97 million IPO
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