Bright Health IPO: Investors, execs and their stakes in health insurer

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

United States Headlines News

Bright Health is going public at a $13.4 billion valuation. Here are the investors and execs who stand to make the most in the health insurance upstart's IPO.

Bright's president and CEO isat Bright in April 2020. He joined the company as president in January 2019. He owns roughly 10.3 million shares of the upstart, a stake that's valued at $220.7 million at the midpoint of the price range. This calculation doesn't include options granted in 2021 that vest over time, or options granted in previous years., who cofounded Bright in 2015, owns 21.

5 million shares, valued at $461.7 million. Sheehy, another UnitedHealth veteran, was CEO of Bright until April 2020, when he became executive chairman of the board. This calculation excludes Sheehy's options granted in previous years., a former Target executive who has served as Bright's chief financial and administrative officer since January 2020, owns 1.2 million shares, a stake that's worth $25.1 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gigi Hadid's Bright Orange Eye Look Offers Summer Beauty InspoGigi Hadid's Bright Orange Eyeshadow Look Is the Summer Beauty Inspo You Need
Source: marieclaire - 🏆 102. / 63 Read more »

Gigi Hadid and Baby Khai Matched in Bright Green SwimsuitsAnother adorable mini-me moment! 💯🌈💯🤗🌈💯👍🏻 You can't stop now. All eyes on Jerusalem & AlAqsa, today Israeli racist settlers plan to march + show hatred towards Arabs & will def. invade Al Aqsa mosque under protection of Israeli occupation forces. Don't let them silence us or push us out SaveSheikhJarrah SaveSilwan
Source: TeenVogue - 🏆 481. / 51 Read more »

Philips recalls ventilators, sleep apnea machines due to health risksFoam used to dampen the machines' sound can degrade and emit small particles that irritate airways, the group said. This is the way...
Source: TODAYshow - 🏆 389. / 55 Read more »

Philips snafu may prompt valuation health checkKoninklijke Philips’ (PHG.AS) Chief Executive Frans van Houten has been making up ground on rival medical-technology group Siemens Healthineers (SHLG.DE). Offloading the 40 billion euro company’s domestic appliances business helped investors focus on the core message: the Dutch group sells market-leading kit in a fast-growing sector. Its valuation discount to its German rival almost disappeared in recent weeks: as recently as early 2021, Philips traded on a forward price-earnings multiple that was around 20% lower.
Source: Breakingviews - 🏆 470. / 51 Read more »