Investors are lining up to buy shares of HCA in its initial public offering despite its $28.2 billion in debt at the end of 2010, according to a Wall Street Journal report.
HCA, which will be listed on the New York Stock Exchange on Thursday, will offer 124 million shares through its initial public offering. The IPO is expected to raise as much as $3.72 billion.
HCA will sell 30 percent of its total shares in the offering, according to the report.
Despite its debt, investors remain interested in the hospital operator, which experienced revenue increases of 2 percent and net income growth of 14.5 percent last year.
Read the Wall Street Journal report on HCA.
Read more coverage on HCA:
- HCA' IPO Could Be Largest Private-Equity Backed Offering on Record
- HCA Saw $30.7B in Revenue in 2010, Still Has $28B in Total Debt
- HCA to Seek Up to $30 a Share in IPO
HCA, which will be listed on the New York Stock Exchange on Thursday, will offer 124 million shares through its initial public offering. The IPO is expected to raise as much as $3.72 billion.
HCA will sell 30 percent of its total shares in the offering, according to the report.
Despite its debt, investors remain interested in the hospital operator, which experienced revenue increases of 2 percent and net income growth of 14.5 percent last year.
Read the Wall Street Journal report on HCA.
Read more coverage on HCA:
- HCA' IPO Could Be Largest Private-Equity Backed Offering on Record
- HCA Saw $30.7B in Revenue in 2010, Still Has $28B in Total Debt
- HCA to Seek Up to $30 a Share in IPO