Provider Login

Join Our Email List

Text Message Alerts

Chiropractic News on CeCruncher

Chiropractic Franchise The Joint Corp's Initial Public Offering Raised $20 Million

  • DrTirpak

    Poster Profile:

    Name: DrTirpak
    Email: Amy@cecruncher.com
    Age: ????
    Location: Tampa, FL
    Position: Owner
    Sign: Gemini
    Bio:

    Helping Chiropractors find some class is my job.
    Experienced Chiroprctor and Internet lover, Amy Tirpak, DC, started CE Cruncher with the support of the Advertising Agency that she co-owns.


by: DrTirpak posted: December 09, 2014

The Joint - Chiropractic Franchise

The Joint (NASDAQ: JYNT), cash-based chiropractic franchises with 225 offices, raised $20 million during the IPO by offering 3 million shares on Nov 11, 2014. The initial price to the public was $6.50 per share with trading opening at $6.62. Also the underwriters of the Joint's IPO exercised their over-allotment option to purchase an additional 450,000 shares on top of the IPO's 3,000,000. This resulted in aggregate net proceeds, after deducting underwriting discounts, commissions and other offering expenses, of approximately $20,000,000. 

JYNT is up today, trading at $6.45. Since entering the market the price rallied initially to $7.20 and dropped as low as $6.00 almost 2 weeks later. Excitement showed in the early trade volume averaging 50,000 trades a day, although since Nov 26th the share volume has not exceeded 10,000.

The Joint Corp discussed their future plans after their IPO in the initial filings. The infusion of cash is marked for purchasing back regional developing rights and existing franchises from partner chiropractors and non-doctor owners. Next they plan to expand their own network of clinics and developing additional franchises in target markets. The Joint believes they can run more efficient and profitable clinics by concentrated marketing and reduced operating costs with corporate offices.

What are your opinions of this new model in Chiropractic? What will be the short and long term impact of this business model?  Chiropractors give us your opinion in the Comments below.

Related Stories: A Chiropractic Company is Going Public, The Joint has applied for an IPO

 

 

 

 

Filed Under Tags:  Chiropractic Students  ·  Chiropractors

Comments

I am sure this piece of writing has touched all the internet users, its really really good post on building up new webpage.
by: I am sure this piece of writing has touched all the internet users, its really really good post on
I like the valuable info you provide in your articles. I'll bookmark your weblog and check again here regularly. I'm quite certain I'll learn many new stuff right here! Best of luck for the next!
by: I like the valuable info you provide in your articles. I'll bookmark your weblog and check again
You are so interesting! I don't think I've truly read through anything like that before. So nice to find somebody with some original thoughts on this subject. Seriously.. many thanks for starting this up. This site is something that's needed on the internet, someone with some originality!
by: You are so interesting! I don't think I've truly read through anything like that before. So nice to

Comment on Chiropractic Franchise The Joint Corp's Initial Public Offering Raised $20 Million

site : © Alaskan Star Interactive | BrainChild Branding