NeueHealth, Inc.

NeueHealth, Inc. (BHG) priced its initial public offering on Jun 25, 2021 at $18.00 per share, below its $20.00–$23.00 range, and listed on NYSE. At the IPO price its market capitalization was about $11.08B. J.P. Morgan was lead-left underwriter, joined by Goldman Sachs, Morgan Stanley and Barclays and others. Simpson Thacher advised the company and Goodwin Procter advised the underwriters.

NeueHealth, Inc. was founded in 2015 as Bright Health to connect local healthcare delivery with the financing of care. It operates managed and affiliated risk-bearing primary care clinics and a health insurance business serving commercial and Medicare Advantage consumers in 14 states.

Status

IPO

Ticker

BHG

Exchange

NYSE

Priced

Jun 25, 2021

IPO price

$18.00

Price range

$20.00–$23.00

Market cap at IPO price

$11.08B

First filed

May 19, 2021

Underwriters

J.P. Morgan, Goldman Sachs, Morgan Stanley, Barclays, BofA Securities, Citigroup, Piper Sandler, Nomura and RBC Capital Markets

Company counsel

Simpson Thacher

Underwriters' counsel

Goodwin Procter

Sector

Financials

Country / state

FL

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