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.

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