LifeStance Health falls after secondary offering launch

Shares of outpatient mental healthcare provider LifeStance Health LFST.O down 3.1% to $12.40 premarket on Weds after launching secondary offering

Scottsdale, Arizona-based LFST says certain stockholders to part with 22.25 mln shares

In addition, LFST to repurchase 2 mln of offering shares from the underwriter Barclays

LFST has ~382.1 mln shares outstanding; private equity firm TPG Capital TPG.O is top holder with ~84.46 mln shares, per LSEG data

Through Tues, stock up 67% over the past three months and 82% YTD

9 of 12 analysts rate the stock "strong buy" or "buy", 3 "hold"; median PT $13