BrightSpring Health Services IPO date is slated for January 26, 2024. The company applied for ticker symbol “BTSG.”
BrightSpring Health Services is a leading healthcare and pharmacy services company based in Louisville, Kentucky. Founded in 1974, the company provides comprehensive home and community-based health solutions across its 900+ accredited locations, including specialized home care, behavioral health, pharmacy and related services. BrightSpring Health Services serves more than 400,000 senior and specialty patients daily in all 50 states.
Use SoFi to buy BrightSpring Health Services stock before it goes public
Some brokers let you invest in IPOs before they begin trading on the public market. SoFi is one such broker, and it’s offering Active Investing member access to BrightSpring Health Services ahead of its launch to the public. Here’s how to invest in BrightSpring Health Services today:
Open an Active Invest account with SoFi. Complete an application with your details.
Submit an indication of interest. In SoFi’s IPO section of its app, find BTSG in the Live IPOs section and then select Start now. Learn about the offering, and select Participate when ready. You may need to answer some questions to complete your investor profile.
Enter the number of shares you want. SoFi requires a minimum of one share.
Review and submit your indication of interest. Confirm your indication of interest and wait for share allocation. You must confirm your buy order on the day of the IPO or you will not receive your shares. You must also hold your shares for at least 180 days after the IPO to avoid potential fees and limitations on your ability to participate in future IPO offerings with SoFi.
What we know about the BrightSpring Health IPO
BrightSpring Health Services filed an updated Form S-1 on January 17, 2024, detailing its offering of 53.3 million shares of common stock with a price of between $15 and $18 per share. This would let the company raise up to $960 million and value the company at around $3.01 billion.
The company applied to list its common stock on the Nasdaq under the symbol "BTSG." SoFi, Goldman Sachs, Jefferies and Morgan Stanley are among more than a dozen underwriters managing the IPO.
How do similar companies perform?
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy BrightSpring Health stock.
See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.
Company summary
Signify Health, Inc. operates a healthcare platform that utilizes analytics, technology, and healthcare provider networks in the United States. The company operates through Home & Community Services and Episodes of Care Services segments. The Home & Community Services segment offers health evaluations performed within the patient's home or at a healthcare provider facility primarily to Medicare Advantage health plans; diagnostic screening and other ancillary services; and services to address healthcare concerns related to social determinants of health. The Episodes of Care Services segment provides services to enhance the healthcare delivery through developing and managing episodic payment programs in partnership with healthcare providers under the Bundled Payment for Care Improvement Advanced program with Centers for Medicare and Medicaid Services; and care management services. The company serves health plans, governments, employers, health systems, and physician groups. The company operates in Norwalk, Connecticut, New York, New York, Dallas, Texas, South Dakota, Deerfield, Florida, and Rapid City. Signify Health, Inc. was founded in 2017 and is headquartered in Dallas, Texas.
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Frequently asked questions
BrightSpring applied for ticker symbol "BTSG."
BrightSpring has over 37,000 employees.
Investment firm KKR, bought BrightSpring in 2019 and merged it with PharMerica Corp.
BrightSpring Health Services operates in all 50 states and serves more than 400,000 patients with its approximately 10,000 clinical providers and pharmacists.
Matt Miczulski is an investments editor at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions.
Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University.
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