Bright Health Group (BHG) IPO Opens 6% Lower

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Go back to Bright Health Group (BHG) IPO Opens 6% Lower

Bright Health Group Announces Pricing of Initial Public Offering

June 23, 2021 11:26 PM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- Bright Health Group today announced the pricing of its initial public offering of 51,350,000 shares of its common stock at a price to the public of $18.00 per share. As part of the offering, Bright Health Group has granted the underwriters a 30-day option to purchase up to an additional 6,162,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The gross proceeds to Bright Health Group from the offering will be approximately $924.3 million (or $1.035 billion if the underwriters exercise their option to purchase additional shares of common stock in full), before... More