Thank you for sharing!

Your article was successfully shared with the contacts you provided.
white stylized EKG wave on green with dollar sign Investors’ willingness to back this crop of new health care companies is a bet that they can grow and eventually profit in the $4 trillion American health care market. (Photo: Shutterstock)

(Bloomberg) –Bright Health Group Inc. shares fell in their trading debut Thursday, the latest issue to test investors’ appetite for new health care companies that have yet to show profit but are aiming for high growth.

The Minneapolis-based health insurer raised about $925 million on Wednesday, selling 51.4 million shares for $18 each after marketing 60 million of them for $20 to $23. The shares dropped 7.6% to $16.64 Thursday in New York trading, giving the company a market value of $10.4 billion.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.