initial public offerings (IPOs) trading on American exchanges

Tuesday, January 2, 2024

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BrightSpring Health Services files for an estimated $1 billion IPO

BrightSpring Health Services Inc. filed for a US initial public offering on the first business day of the New Year.

The home and community-based health-care services provider backed by KKR & Co. was planning to seek to raise $1 billion in an IPO, Bloomberg News reported in September. Tuesday’s filing with the US Securities and Exchange Commission doesn’t include proposed terms of the offering, which would be disclosed in a subsequent filing.

The company previously filed for an IPO in late 2021, but withdrew just over a year after its initial filing.

The Louisville, KY-based company was founded in 1974 and booked $8.4 billion in revenue for the 12 months ended September 30, 2023. It plans to list on the Nasdaq under the symbol BTSG. BrightSpring Health Services filed confidentially on August 28, 2023. Goldman Sachs, KKR, Jefferies, Morgan Stanley, UBS Investment Bank, BofA Securities, Guggenheim Securities, and Leerink Partners are the joint bookrunners on the deal. No pricing terms were disclosed.

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