Select Medical Holdings Corporation announced the pricing of Concentra Group Holdings Parent, Inc.'s initial public offering (IPO). Concentra, a U.S. healthcare firm specializing in occupational health services, raised $529 million in the IPO, pricing its shares at $23.50 each, slightly below the midpoint of the marketed range of $23 to $26. The IPO valued Concentra at nearly $3 billion. Concentra priced a full-size deal of 22.5mm shares. Despite the successful fundraising, Concentra's shares fell 6% in their debut on the New York Stock Exchange, opening at $22.00 for a loss of 6.4%. This decline is seen as a sign of investor caution amid uncertainties over interest-rate cuts.