Parthenon-Backed Performant Financial Sets IPO Terms
July 31, 2012- Share:
Performant Financial, a portfolio company of Parthenon Capital Partners, expects its IPO to include about 11.5 million shares—about 1.9 million of which will be offered by the company, while the other 9.6 million will be offered by selling stockholders, which include Parthenon. The expected price range is $12 and $14 per share. Performant Financial expects to list on the NASDAQ under the symbol PFMT and is a provider of technology-enabled recovery and related analytics services, helping to identify and recover delinquent or defaulted assets and improper payments for both government and private clients.
Selling Shareholder
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