Definitive Healthcare Corp. soared out of the gate Wednesday, as the Massachusetts-based health care commercial intelligence provider's stock opened 38.0% above the initial public offering's price. The company had said overnight that it raised $420.0 million as it sold 15.56 million shares in the IPO, which priced at $27.00, compared with an expected pricing of between $24 and $26 a share, which was raised from an original expectation of between $21 and $24 a share. The stock's first trade on the Nasdaq was at $37.25 at 12:26 p.m. Eastern for 1.6 million shares. The stock has since added to gains, to trade up 40.8% at $38.02. The company went public on a very busy week for IPOs, and on a day that the Renaissance IPO ETF (IPO) was little changed in midday trading while the S&P 500 gained 0.5%.
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