Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

A highly collaborative investment professional and research analyst with 10+ years of international experience in equity research, treasury operations, and trading positions across multiple asset classes at leading multinational banks Citibank and Morgan Stanley, UHNWI-backed family office and European independent equity research firm. A respectable background in equity capital markets, corporate treasury, investment banking operations, equity research analysis and portfolio management.

Algosun Global

Equity Capital Markets

Bright Health Group / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/bright-health-group-inc" target="_blank" data-smartkarma-citation="entities:33507:1" rel="noopener">Bright Health Group (BHG US)</a> , healthcare and technology company integrating financing and care delivery, priced ~51 million shares at $18 per share, below the expected price range of $20-23 per share. Company sells health plans to seniors in MA, individuals, families and employers and has two connected businesses: NeueHealth and Bright HealthCare.</p><p>J.P. Morgan, Goldman Sachs, Morgan Stanley and Barclays are lead underwriters on the IPO. Bright Health has raised ~$1.6 billion in funding over 5 rounds, according to Pitchbook and Crunchbase. Leading VC firms New Enterprise Associates, Bessemer Venture Partners and Greenspring Associates are majority stockholders and own 54% of total shares of common stock.</p>

Bright Health Group (BHG US) , healthcare and technology company integrating financing and care delivery, priced ~51 million shares at $18 per share, below the expected price range of $20-23 per share. Company sells health plans to seniors in MA, individuals, families and employers and has two connected businesses: NeueHealth and Bright HealthCare.J.P. Morgan, Goldman Sachs, Morgan Stanley and Barclays are lead underwriters on the IPO. Bright Health has raised ~$1.6 billion in funding over 5 rounds, according to Pitchbook and Crunchbase. Leading VC firms New Enterprise Associates, Bessemer Venture Partners and Greenspring Associates are majority stockholders and own 54% of total shares of common stock.

Bright Health IPO: Strong M&A Growth Strategy and Limited Upside Potential