Greenway Medical Technologies, a Carrollton, Ga.-based medical software developer, announced its initial public offering of 6.7 million shares of common stock at $10 per share.
Greenway Medical Technologies announces IPO price
The company is offering 5.4 million shares of common stock, while stockholders are offering 1.3 million shares, according to a Greenway news release. Greenway started trading on the New York Stock Exchange on Thursday under the ticker symbol GWAY. In early trading on Thursday, the stock's price climbed to $12.67. The underwriters were given a 30-day window to purchase as many as 1 million additional shares from Greenway at the IPO price. The company won't receive any sales proceeds from the selling stockholders.
Greenway offers electronic health-record and practice-management software, among other software products. Founded in 1998, the company employs more than 500 people.
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