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BrightSpring Health IPO (BTSG): How to buy BrightSpring Health stock when it goes public

Here's everything we know so far about the BrightSpring Health IPO.

BrightSpring Health IPO date and ticker symbol

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:

  1. Open an Active Invest account with SoFi. Complete an application with your details.
  2. 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.
  3. Enter the number of shares you want. SoFi requires a minimum of one share.
  4. 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.

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