What to know about Bright Health’s (massive) IPO:

  • Bright Health, the Minneapolis-based healthcare and medtech company, has officially entered the market, trading on the New York Stock Exchange under the ticker symbol BHG
  • The company debuted at $18 a share and sold 51.35 million shares, reaching $924 million raised
    • This is the largest IPO in Minnesota history, eclipsing Ceridian HCM Holding’s 2018 IPO of $531 million from 24.15 million shares
    • The numbers are a step down from Bright Health’s initial proposal of 67.2 million shares sold at $23 a share
  • Underwriters have a 30-day option to sell 6.2 million more shares, which could push the total to more than $1 billion