---
title: "The IPO Buzz: National Healthcare Properties Priced IPO at $12 – $1 Below Range & Stock Dips"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283709024.md"
description: "National Healthcare Properties (NHP) priced its IPO at $12.00, $1.00 below the expected range, raising $462 million by selling 38.5 million shares. On its NASDAQ debut, shares opened at $11.56, dipping 4 cents below the IPO price. NHP, a REIT focused on senior housing, plans to use IPO proceeds to pay off $186 million in debt. For 2025, NHP reported a net loss of $71.07 million on revenue of $342.28 million."
datetime: "2026-04-22T17:16:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283709024.md)
  - [en](https://longbridge.com/en/news/283709024.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283709024.md)
---

# The IPO Buzz: National Healthcare Properties Priced IPO at $12 – $1 Below Range & Stock Dips

**National Healthcare Properties (NHP)** **priced its IPO at $12.00 – $1.00 below the bottom of its $13.00-to-$16.00 range on Tuesday night, April 21, 2026 – and sold 38.5 million shares – the number in the prospectus – to raise $462 million. Shares of National Healthcare Properties (NHP) dipped 4 cents below their IPO price to open at $11.56 in their NASDAQ debut at 12:34 p.m. EDT on Wednesday, April 22, 2026, on volume of 1.94 million shares. The New York-based company is a REIT – a real estate investment trust – focused on senior housing.**

**Wells Fargo Securities, Morgan Stanley, BMO Capital Markets and Goldman Sachs led the joint book-runners’ team.**

**National Healthcare Properties (NHP) owns 37 senior housing communities, the prospectus said.**

**All are run under a RIDEA structure, which means that they are less dependent on government reimbursement programs like Medicare and Medicaid. Under a RIDEA structure, the residents typically pay for the services.**

**National Healthcare Properties (NHP) intends to use the IPO’s proceeds to pay off about $186 million in debt, the prospectus said.**

**For the year that ended Dec. 31, 2025, National Healthcare Properties (NHP) reported a net loss of $71.07 million on revenue of $342.28 million.**

**(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)**

**Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.**

**To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.**

**Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.**

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