Inspire Veterinary Partners, a veterinary hospital owner/operator in the US, is set to debut on the Nasdaq Capital Market today. The company has priced its initial public offering of 1.6 million shares of common stock at $4.00 per share, raising approximately $6.4 million in gross proceeds.
An additional 15% of shares of common stock is available through the underwriters overallotment.
The offering is expected to close on August 31, 2023.
Inspire Veterinary Partners will be trading under the symbol “IVP”.
The net proceeds from the IPO will be used by Inspire to fund the development of new products and improvements to existing products, expand sales and marketing capabilities, and for general corporate purposes including capital expenditures and working capital.