Quintiles said Wednesday that it has priced its initial public offering of about 23.58 million shares of its common stock at a price to the public of $40 per share, which is at the high end of the previously estimated range of $36 to $40 per share.
The shares of Quintiles common stock are expected to begin trading on the New York Stock Exchange under the single-letter symbol "Q" on May 9.
Quintiles is offering 13.125 million shares of common stock, and selling shareholders are offering about 10.56 million shares of common stock. In addition, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 3,552,631 shares of common stock. The offering is expected to close on May 14.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.