This will be a small IPO with only 2.2 million shares offered at a price point of $18 to $20. Find the latest GoodRx Holdings, Inc. (GDRX) stock quote, history, news and other vital information to help you with your stock trading and investing. Before it's here, it's on the Bloomberg Terminal. GoodRx Holdings Inc., the discount prescription marketplace startup, announced the launch of its initial public offering (IPO) Monday (Sept. 14). Filed 2020-08-28 Terms Added 2020-09-14: For IPO Boutique's "scale of 1 to 5" BUY rating on GoodRx Holdings, Inc., and our comprehensive analysis, click "Buy Market Research. All the time. The company and its investors raised $1.14 billion selling 34.6 million shares on Tuesday for $33 apiece after marketing them for $24 to $28. Learn about our IPO ETFs. A Division of NBCUniversal. Company Name GoodRx Holdings, Inc. Stock Symbol GDRX Class Period September 23, 2020 to November 16, 2020 Court Central District of California. 20 on this year's CNBC Disruptor 50 list. Sign up for free newsletters and get more CNBC delivered to your inbox. Replay: IPO Edge Hosts Fireside Chat with GigCapital2 CEO and Cloudbreak CEO to Discuss Merger. Revenue for the first half of 2020 was $257 million, up from $173 million in the first half of last year. NEW YORK (Reuters) - U.S. online prescription drug platform GoodRx Holdings Inc on Wednesday priced its initial public offering (IPO) at $33 per … In 2019, it pulled in $66 million in profit on $388 million in revenue. This US based company developed an online platform that collects favorable prices for prescription drugs from all available official sources. (RTTNews) - GoodRx Holdings Inc., which operates a digital platform for consumer healthcare products and … GoodRx Holdings has filed to raise $900 million in an IPO of its Class A common stock, according to an S-1 registration statement. Whether the telehealth boom will continue when more businesses reopen is still a question. Hackers Breach Thousands of Security Cameras, Exposing Tesla, Jails, Hospitals, New Biotechnology Covid Treatment Reduces Risk of Death, Covid Outbreak Hits Banks, Gyms, Schools in Hong Kong, Johnson & Johnson’s Single-Shot Covid Vaccine Approved by EU, Stocks Surge to Record With Aid Deluge Imminent: Markets Wrap. Data is a real-time snapshot *Data is delayed at least 15 minutes. The company has been consistently profitable since 2016. Shares of the Santa Monica, California-based company closed at $50.50 in New York trading Wednesday, giving the company a market value of $19.4 billion. The GoodRX IPO date is scheduled for September 22, 2020 the latest in more than 70 IPOs in the healthcare sector and 36 in technology in the 12 months, according to … It also provides pharmacy coupons to customers. Demand for telehealth has surged during the coronavirus pandemic, which has forced patients to seek alternatives to the physical trips to a doctor’s office when possible. It plans to list on the Nasdaq under the symbol GDRX. All Rights Reserved. In another busy week for the September IPO market, eight IPOs are scheduled to raise $2.0 billion, led by prescription drug marketplace GoodRx Holdings (GDRX). GoodRx Prices IPO At $33/Shr, Above Estimated Range - Quick Facts. The customers can use the platform … General Information. GoodRX Holdings has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering. GoodRx, a company that finds users prescription drugs at a discount, made its public debut Wednesday. Google, UnderArmour and Facebook were holdings in our IPO investment strategies when they were newly public. The company, through its subsidiaries, owns and operates a prescription drug price comparison platform using data from local and mail-order pharmacies in the United States. Hirsch, now co-chief executive officer with Bezdek, said the company plans to use the IPO proceeds to get its product to more people. The idea wasn’t to sell the drugs, but instead direct consumers to the drugstore with the best deal and offer coupons. Business: Our mission is to help Americans get the healthcare they need at a price they can afford. The company intends to … Drug-discount, telehealth company valued at $19.4 billion, Co-CEO Hirsch plans to use proceeds to expand customer base. GoodRx works to make its website accessible to all, including those with disabilities. Shares of GoodRx, a company that finds users prescription drugs at a discount, closed up 53% in its public debut Wednesday on the Nasdaq. According to the filing for its initial public offering, GoodRx earned nearly $55 million in profit during the first half of 2020 — up an impressive 75% from the same period a year before. Got a confidential news tip? GoodRx Holdings (GDRX) intends to raise $900 million in an IPO of its Class A common stock, according to an S-1 registration statement. The shares are trading on the Nasdaq Global Select Market under the symbol GDRX. Their latest venture is a telehealth platform. GoodRX co-CEO Doug Hirsch on business model, going public and more. GoodRX looks good on paper, but it isn’t without controversy or competition. GoodRx sports about $1.43 billion in debt and preferred stock liabilities, which can be offset by its $1.127 billion in cash after the IPO. Updates with opening share price in third paragraph. We started with a price comparison tool for prescriptions, offering consumers free access to lower prices on their medication. The stock began trading at $46 per share, up from its IPO price of $33 per share. GoodRx Holdings Inc. set terms for its initial public offering, as the California-based telehealth company is looking to sell up to $969.2 million worth of Class A shares. Have a confidential tip for our reporters? “Telehealth will not be the end-all-be-all of health care.”. GoodRx Holdings has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering. Revenues for the first half of 2020 were $257 million, up from $173 million in the first half of 2019. “Fifteen million people a month come to our product and that is not enough.”. About GoodRx Holdings: Launched in 2011, GoodRx has the mission to “help Americans get the healthcare they need at a price they can afford.” The company reports that … After trading started, shares jumped as … GigCapital2 President and CEO Dr. Raluca Dinu and Cloudbreak CEO Jamey Edwards IPO Edge hosted a live fireside chat with GigCapital2 (NYSE: GIX) on Friday, March 5 at 12:00 EST to discuss the pending merger with UpHealth Holdings, Inc. and Cloudbreak Health. Founded in 2011 by Facebook veteran Doug Hirsch and software entrepreneur Trevor Bezdek, GoodRx offers users a free list of discount cards and coupons to cut down costs of their prescription medication. GoodRx ranked No. We want to hear from you. GoodRx Holdings is launching its IPO in the NASDAQ on September 22. If you are having difficulty accessing this website, please call or email us at (855) 268-2822 or ada@goodrx.com so that we can provide you with the services you require through alternative means. GoodRx, a company that finds users prescription drugs at a discount, made its public debut Wednesday. Is the stock expensive? GoodRx Holdings | IPOScoop. GoodRx was started in 2011 by Facebook veteran Doug Hirsch and software entrepreneur Trevor Bezdek. The stock closed at $50.50 per share, up from its IPO price of $33 per share, boosting its market cap to about $19.4 billion. GoodRx revealed in its filing to go public last month that it has been consistently profitable since 2016, a rare feat for tech start-ups going public. The shares opened at $46 and rose as much as 57% from the IPO price. “The problem of health care in America is getting so much bigger so much faster,” Hirsch said. Watch the video. GoodRx was started in 2011 by Facebook veteran Doug Hirsch and software entrepreneur Trevor Bezdek. Details regarding the founding of GoodRx were updated in an earlier version of this story. Return from IPO: +21.2%. The company said it earned $55 million in profit for first half of 2020, up from $31 million in the first half of 2019. GoodRx (NASDAQ:GDRX) had its initial public offering (IPO) today at $33, substantially higher than the expected range of $24 to $28 per share. ET by Jeremy C. Owens GoodRx to sell up to $969.2 million worth of shares in IPO The company collects fees from the pharmacy benefits managers it works with. It's the latest tech company to go public in a busy month for IPOs, following Snowflake, Unity and Amwell. © 2021 CNBC LLC. With close to 8 million total shares out, the company will be valued at close to $150 million. U.S. online prescription drug platform GoodRx Holdings Inc on Wednesday priced its initial public offering (IPO) at $33 per share, above its target range to sell $1.14 billion in stock. GoodRx has released preliminary IPO details, and the company was worth $2.8 billion in 2018. Our IPO funds help you minimize the risk of single stock selection and add diversification to your portfolio. GoodRx Holdings was founded in 2011 and booked $472 million in revenue for the 12 months ended June 30, 2020. To achieve this, we are building the leading, consumer-focused digital healthcare platform in the United States. GoodRx Holdings is a holding company. “We went from zero to a hundred in telehealth and I think we’re going to settle at 60,” Hirsch said. The company earned $55 million in the first half of this year, up from $31 million during the same period in 2019, according to its filings. GoodRx Holdings Inc. on Monday said it expects to sell 23.4 million shares at between $24 and $28 apiece in its planned initial public offering, pushing its valuation toward the $10 billion mark. A year ago, the company acquired the startup HeyDoctor LLC, giving it a toehold in the growing business of providing medical care over the internet. GoodRx stock jumps more than 50% after IPO raises over $1 billion Sep. 23, 2020 at 1:02 p.m. Morgan Stanley, Goldman Sachs and JP Morgan led the IPO, while investors include Silver Lake, Francisco Partners and Spectrum Equity, according to the company's S-1/A. GoodRx’s offering was led by Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Barclays Plc. GoodRx was founded to solve the challenges that consumers face in understanding, accessing, and affording healthcare. GoodRx was originally founded to enable consumers to shop for the best prices on prescription drugs, which can vary widely pharmacy to pharmacy as well as between brand names and generics. Stay on Top of the IPO Market. Get this delivered to your inbox, and more info about our products and services. Industry: Health Care. The Filing: Good Rx Holdings (NASDAQ: GDRX) plans to sell 34.6 million shares in a pricing range of $24 to $28. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Data analytics company Palantir is expected to go public in a direct listing on Sept. 30. GoodRX has only raised $1.5 million from fundraising, meaning most of their growth and expansion comes from within. The stock began trading at $46 per share, up from its IPO price of $33 per share. GoodRx has priced its IPO at between $24 and $28 a share, aiming to raise $570 million from the offering. Shares trade under the symbol "GDRX" on the NASDAQ. U.S. online prescription drug platform GoodRx Holdings Inc on Wednesday priced its initial public offering (IPO) at $33 per share, above its target range to sell $1.14 billion in stock. With a projected $100 million from GoodRX IPO capital, the company expects to expand this service. Robbins Geller Rudman & Dowd LLP filed a class action charging GoodRx Holdings, Inc. and certain of its executives with violations of the Securities Exchange Act of 1934, seeking to represent purchasers of GoodRx Class A common stock … ". GoodRx Holdings Inc., which operates a telemedicine site and online marketplace for discounts on prescription drugs, rose 53% in its trading debut after exceeding the target on its U.S. initial public offering.
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