By Chris Wack
Bright Health Group said it priced its initial public offering of 514 million common shares at $18 a share.
The health insurance technology company has granted the underwriters a 30-day option to purchase up to an additional 6.2 million shares at the IPO price.
The gross proceeds to Bright Health Group from the offering will be about $924.3 million, or $1.035 billion if the underwriters exercise their option to purchase additional shares of common stock in full, the company said.
The shares are expected to begin trading on the New York Stock Exchange on Thursday under the ticker symbol BHG, it said.
The company previously said in a filing it would have about 631.2 million shares outstanding after the IPO. The company had initially set a price target of $20 to $23 a share for the IPO.
Write to Chris Wack at chris.wack@wsj.com
"share" - Google News
June 24, 2021 at 05:30PM
https://ift.tt/3damsmy
Bright Health Prices IPO of 514 Million Shares at $18 a Share - MarketWatch
"share" - Google News
https://ift.tt/2VXQsKd
https://ift.tt/3d2Wjnc
Bagikan Berita Ini
0 Response to "Bright Health Prices IPO of 514 Million Shares at $18 a Share - MarketWatch"
Post a Comment