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Diplomat Pharmacy unveils IPO

Diplomat Pharmacy has debuted its IPO after pricing its over 13.3 million shares at $13 per share. The stock began trading Friday on the NYSE under the ticker symbol “DPLO.” Credit Suisse and Morgan Stanley are the lead underwriters. Based in Flint, Michigan, Diplomat Pharmacy is an independent specialty pharmacy. The company’s backers include Janus Funds and T. Rowe Price.

PRESS RELEASE

FLINT, Mich., Oct. 9, 2014 /PRNewswire/ — Diplomat Pharmacy, Inc. (NYSE: DPLO), the nation’s largest independent specialty pharmacy, today announced the pricing of its initial public offering of 13,333,333 shares of common stock at a price to the public of $13.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the symbol “DPLO” on October 10, 2014. Diplomat is selling 10,000,000 shares of common stock and certain selling shareholders of Diplomat are selling 3,333,333 shares of common stock. The Company and selling shareholders each have granted the underwriters a 30-day option to purchase up to an additional 1,000,000 shares of common stock (an aggregate of 2,000,000 shares of common stock) to cover over-allotments, if any.

Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC are acting as lead book-running managers. Additional book-running managers are J.P. Morgan Securities LLC and Wells Fargo Securities, LLC. William Blair & Company, L.L.C. and Leerink Partners LLC are acting as co-managers.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone at (800) 221-1037, by facsimile at (212) 325-8057, or by email at newyork.prospectus@credit-suisse.com; or from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
To learn more, visit diplomat.is.

About Diplomat
Diplomat serves patients and physicians in all 50 states as the nation’s largest independent specialty pharmacy. Headquartered in Flint, Michigan, the company focuses on medication management programs for people with complex chronic diseases, including oncology, immunology, hepatitis, multiple sclerosis, HIV, specialized infusion therapy and many other serious or long-term conditions. Diplomat opened its doors in 1975 as a neighborhood pharmacy with one essential tenet: “Take good care of patients, and the rest falls into place.” Today, that tradition continues – always focused on improving patient care and clinical adherence. For more information visit www.diplomat.is.