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Sotera Health Co (NASDAQ:SHC) shares are trading higher by 5.97% to $16.33 during Thursday’s session. The company late Wednesday announced a secondary offering of 25 million shares.
The stock is being sold by affiliates of Warburg Pincus and GTCR. These entities are the sole sellers, and as a result of the offering, they will no longer hold a majority stake in the company, impacting certain rights they previously held.
Sotera Health says the company is not selling any shares itself and will not receive proceeds from the sale, though it will cover the offering’s expenses. Citigroup will meanwhile act as the underwriter, handling the sale through various market transactions.
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Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Sotera Health’s case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, SHC has a 52-week high of $17.44 and a 52-week low of $10.71.
Posted In: SHC
