Apria Inc. (APR) Announces Proposed 7.5M Share IPO Between $19-$21/Sh

Apria, Inc. (NASDAQ: APR) announced today the launch of its initial public offering of 7,500,000 shares of its common stock to be sold by certain of its stockholders. The initial public offering price is currently expected to be between $19.00 to $21.00 per share. The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock. Apria intends to list its shares of common stock on the Nasdaq Global Select Market under the symbol “APR.”

Apria will not receive any net proceeds from the sale of its common stock by the selling stockholders, including from any exercise by the underwriters of their option to purchase additional shares of the common stock from the selling stockholders.

Citigroup and Goldman Sachs & Co. LLC are acting as joint lead book-running managers for the offering. BofA Securities, J.P. Morgan and UBS Investment Bank are acting as joint book-running managers for the offering. Piper Sandler, Citizens Capital Markets, Fifth Third Securities and TD Securities are acting as co-managers for the offering.

The proposed offering of these securities will be made only by means of a prospectus.

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