Forbes June 24, 2021
Bright Health is the latest health insurer to launch an initial public offering this year in what is becoming a lucrative industry for startups and established players alike.
The company, which has more than 623,000 health plan members including more than 100,000 in Medicare Advantage plans, Wednesday night priced its initial public offer at $18 a share, which was lower than its originally proposed pricing. Bright Health sold more than 51 million shares to raise about $924 million, the company said.
Shares, which will be listed on the New York Stock Exchange under the ticker symbol BHG, were expected to begin trading on Thursday.
Already this year, Alignment Healthcare, which operates Medicare Advantage plans in California, North Carolina and...
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