LifeStance Health Group, Inc.

LifeStance Health Group, Inc. (LFST) priced its initial public offering on Jun 11, 2021 at $18.00 per share, above its $15.00–$17.00 range, raising $720M, and listed on Nasdaq. At the IPO price its market capitalization was about $6.73B. Morgan Stanley was lead-left underwriter, joined by Goldman Sachs, J.P. Morgan and Jefferies and others. Ropes & Gray advised the company and Kirkland & Ellis advised the underwriters.

LifeStance Health Group, Inc. is an outpatient mental health care provider offering in-person and virtual care through a technology-enabled model. It describes itself as one of the nation's largest outpatient mental health platforms by number of clinicians and geographic scale.

Status

IPO

Ticker

LFST

Exchange

Nasdaq

Priced

Jun 11, 2021

IPO price

$18.00

Price range

$15.00–$17.00

Raised

$720M

Market cap at IPO price

$6.73B

First filed

May 17, 2021

Underwriters

Morgan Stanley, Goldman Sachs, J.P. Morgan, Jefferies, UBS, William Blair, Capital One, Drexel Hamilton and Siebert Williams Shank

Company counsel

Ropes & Gray

Underwriters' counsel

Kirkland & Ellis

Sector

Healthcare

Country / state

AZ

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