Vanguard Health IPO Prices at $18

Vanguard Health Systems Inc., which is controlled by the Blackstone Group, on Tuesday sold 25 million shares for $18 each, raising about $450 million, Reuters wrote. It had previously filed to sell shares for $21 to $23 each and was expected to price its IPO after the close of U.S. markets on Wednesday. Underwriters on the Vanguard IPO are being led by Bank of America Merrill Lynch, Barclays Capital, Citi, Deutsche Bank Securities and JPMorgan, Reuters reported.

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