"Dark Index"

Investors Pump $107 Million Into Unilab’s Stock Offering

California laboratory company’s shares open at $16, then move rapidly to $23

HERE’S ENCOURAGING NEWS for owners of independent regional laboratories: investors on Wall Street continue to like the laboratory business…a lot!

Latest confirmation of this fact came on June 6, when Unilab Corporation of Tarzana, California funded its initial public offering (IPO). Unilab sold 6.7 million shares at $16 per share, raising a total of $107.2 million.

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