Gohealth Ipo Aims to Raise 790 Million

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Credit: pexels.com, Team of professionals discussing stock market data in a well-lit office setting.

GoHealth IPO aims to raise $790 million, a significant amount that will help the company expand its services and reach more customers. This funding will be used to fuel the company's growth and further establish its presence in the healthcare industry.

The IPO is a major milestone for GoHealth, marking a significant step in its journey to become a leading player in the healthcare space. This move will not only provide the company with the necessary resources but also give it a higher level of visibility and credibility.

GoHealth's mission is to make healthcare more accessible and affordable for all, and this IPO will help the company achieve that goal by expanding its services and increasing its reach.

GoHealth IPO News

GoHealth's initial public offering (IPO) has been making waves in the market. The company has announced the pricing of its IPO, with 43,500,000 shares of Class A common stock being offered at a public offering price of $21.00 per share.

Credit: youtube.com, IPO This Week featuring Ncino (NCNO) and GoHealth (GOCO) plus others: Week of July 13, 2020

The IPO is being led by Goldman Sachs & Co. LLC, BofA Securities, and Morgan Stanley, with other firms acting as bookrunners and co-managers.

GoHealth has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on Form S-1, which relates to the proposed initial public offering of its Class A common stock.

The number of shares to be offered and the price range for the proposed offering have not yet been determined, but the company has applied for listing on The Nasdaq Global Market under the ticker symbol "GHTH".

GoHealth's IPO is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Here are the managing bookrunners and bookrunners for GoHealth's proposed IPO:

  • Goldman Sachs & Co. LLC
  • BofA Securities
  • Morgan Stanley
  • Barclays
  • Credit Suisse
  • Evercore ISI
  • RBC Capital Markets
  • William Blair

Copies of the final prospectus relating to GoHealth's IPO can be obtained from the company's managing bookrunners and bookrunners.

GoHealth IPO Process

Credit: youtube.com, The IPO Process

GoHealth filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its Class A common stock on June 19, 2020.

The number of shares to be offered and the price range for the proposed offering have not yet been determined, but the offering is subject to market conditions.

Goldman Sachs & Co. LLC, BofA Securities, and Morgan Stanley are acting as the managing bookrunners for the proposed offering. Other firms are also involved in the process.

A registration statement relating to the offering was declared effective by the SEC on July 14, 2020.

The shares of Class A common stock are expected to begin trading on The Nasdaq Global Select Market under the ticker symbol “GOCO” on July 15, 2020.

The offering is expected to close on July 17, 2020, subject to customary closing conditions.

Here are the firms involved in the GoHealth IPO process:

  • Goldman Sachs & Co. LLC (Managing Bookrunner)
  • BofA Securities (Managing Bookrunner)
  • Morgan Stanley (Managing Bookrunner)
  • Barclays (Bookrunner)
  • Credit Suisse (Bookrunner)
  • Evercore ISI (Bookrunner)
  • RBC Capital Markets (Bookrunner)
  • William Blair (Bookrunner)
  • Cantor (Co-Manager)
  • SunTrust Robinson Humphrey (Co-Manager)
  • Loop Capital Markets (Co-Manager)

Frequently Asked Questions

Which is the largest healthcare IPO ever?

The largest healthcare IPO ever was Siemens Healthineers, which raised $4.521 billion in 2018. This massive IPO surpassed HCA Holdings' 2011 record of $4.354 billion and Zoetis' 2013 IPO of $2.574 billion.

Vanessa Schmidt

Lead Writer

Vanessa Schmidt is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for research, she has established herself as a trusted voice in the world of personal finance. Her expertise has led to the creation of articles on a wide range of topics, including Wells Fargo credit card information, where she provides readers with valuable insights and practical advice.

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