$1 billion SWFL cancer services network begins trading on Nasdaq

American Oncology Network, a network of oncology practices based in Fort Myers, recently became the region’s newest publicly traded company.

Representatives for the company — including a patient of one of its network doctors — rang the bell for the Nasdaq stock exchange Sept. 21, the same day its shares began trading publicly. Share of AON stock closed that day at $20.50 in high-volume trading. By market close Oct. 6, the share price had fallen by more than half, to $7.93. (That, at least, was up from its $5.92 close Oct. 5.) The company had a market capitalization of $274.71 million as of Oct. 6. 

“We think this is a great milestone for what we've accomplished,” CEO Todd Schonherz said in a phone interview that day. “We're more bullish about what the next five years will hold.”