Fierce Health Payers June 15, 2021
LifeStance Health, one of the nation’s largest providers of virtual and in-person outpatient mental health care, climbed in its trading debut after raising $720 million in its initial public offering.
Shares of the company, which is backed by private equity giant TPG Capital, were trading at $25.34 Tuesday, up 40% from the IPO price of $18 a share set June 9.
Additional investors in the company include Summit Partners and Silversmith Capital Partners.
The company is trading on the Nasdaq stock exchange under the ticker “LFST.”
After the IPO, TPG, Summit Partners and Silversmith Capital Partners will make up a block owning 66% of LifeStance’s shares.
The company’s shares jumped more than 11% in their Nasdaq debut June 10,...
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