InnovAge Holding Corp.

InnovAge Holding Corp. (INNV) priced its initial public offering on Mar 5, 2021 at $21.00 per share, within its $20.00–$21.00 range, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $2.8B. J.P. Morgan was lead-left underwriter, joined by Barclays, Goldman Sachs and Citigroup and others. Simpson Thacher advised the underwriters.

InnovAge Holding Corp. is a healthcare delivery platform providing all-inclusive, capitated care to high-cost, dual-eligible seniors. Interdisciplinary care teams manage each participant's care plan to keep them at home, and the company contracts directly with government payors such as Medicare and Medicaid.

Status

IPO

Ticker

INNV

Exchange

Nasdaq Global Select

Priced

Mar 5, 2021

IPO price

$21.00

Price range

$20.00–$21.00

Market cap at IPO price

$2.8B

First filed

Feb 8, 2021

Underwriters

J.P. Morgan, Barclays, Goldman Sachs, Citigroup, Baird, William Blair, Piper Sandler, Capital One, Loop Capital and Siebert Williams Shank

Underwriters' counsel

Simpson Thacher

Sector

Healthcare

Country / state

CO

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