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

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.

• Signify Health (SGFY.US)

  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.

  Historical performance

  Stock information

  • Market capitalization: $8933386240
  • P/E ratio: 70.907
  • Dividend yield: 0%

  Get more detailed information and learn how to buy SGFY.US stock

• N/A ( AMS.US)

  Company summary

  N/A

  Historical performance

  Stock information

  • Dividend yield: N/A%

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Frequently asked questions

• What is the stock symbol for BrightSpring?

  BrightSpring applied for ticker symbol "BTSG."

• How many employees does BrightSpring have?

  BrightSpring has over 37,000 employees.

• Who bought BrightSpring Health Services?

  Investment firm KKR, bought BrightSpring in 2019 and merged it with PharMerica Corp.

• How big is BrightSpring Health Services?

  BrightSpring Health Services operates in all 50 states and serves more than 400,000 patients with its approximately 10,000 clinical providers and pharmacists.