BrightSpring Health Services, Inc.

BrightSpring Health Services, Inc. (BTSG) priced its initial public offering on Jan 26, 2024 at $13.00 per share, below its $15.00–$18.00 range, raising $693.3M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $2.23B. Goldman Sachs was lead-left underwriter, joined by Jefferies, Morgan Stanley and UBS and others. Simpson Thacher advised the company and Latham & Watkins advised the underwriters.

BrightSpring Health Services, Inc. is an independent provider of home and community-based healthcare services in the United States. It has a national presence in all 50 states and offers complementary pharmacy and provider services for senior and specialty patients.

Status

IPO

Ticker

BTSG

Exchange

Nasdaq Global Select

Priced

Jan 26, 2024

IPO price

$13.00

Price range

$15.00–$18.00

Raised

$693.3M

Market cap at IPO price

$2.23B

First filed

Oct 18, 2021

Underwriters

Goldman Sachs, Jefferies, Morgan Stanley, UBS, BofA Securities, Guggenheim, Leerink Partners, Wells Fargo, Deutsche Bank, HSBC, Mizuho and BMO Capital Markets

Company counsel

Simpson Thacher

Underwriters' counsel

Latham & Watkins

Sector

Healthcare

Country / state

KY

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.