LifeStance Health falls as PE backers to carve stakes
LFST•Offering details and shareholder sales
Scottsdale, Arizona-based LifeStance said certain stockholders will sell 22.25 million shares.
In addition, LFST will repurchase 2 million of the offering shares from the underwriter Barclays.
Private equity firms TPG Capital TPG.O and Summit Partners are looking to sell about 18.41 million shares and 3.84 million shares, respectively, according to the prospectus.
LFST has about 382.1 million shares outstanding.
Recent stock performance and analyst view
Through Tuesday, the stock was up 67% over the past three months and 82% year to date.
Of 12 analysts, 9 rate the stock "strong buy" or "buy" and 3 rate it "hold"; the median price target is .
