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Convey Holding Parent (CNVY) IPO Opens Flat

June 16, 2021 10:21 AM EDT

Today's IPO for Convey Holding Parent, Inc. (NYSE: CNVY) opened for trading at $14 after pricing 3,333,334 shares of its common stock at a public offering price of $14.00 per share, with 11,666,667 shares offered by the Company and 1,666,667 shares offered by a selling stockholder.

BofA Securities, Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-runners and representatives of the underwriters for the offering, with Barclays acting as a joint book-runner. TPG Capital BD, LLC and Truist Securities are also acting as joint book-runners for the offering, and Canaccord Genuity is acting as joint lead manager. AmeriVet Securities and Siebert Williams Shank are acting as co-managers for the offering.

Convey Health is a specialized healthcare technology and services company that is committed to providing clients with healthcare-specific, compliant member support solutions utilizing technology, engagement, and analytics. Convey Health's administrative solutions for government-sponsored health plans help to optimize member interactions, ensure compliance, and support end-to-end Medicare processes. By combining its purpose-built technology platforms with dedicated and flexible business process solutions, Convey Health creates better business results and better healthcare consumer experiences on behalf of business customers and partners. Convey Health's clients include some of the nation's leading health insurance plans and pharmacy benefit management firms. Convey Health's healthcare-focused teams help millions of Americans navigate the complex Medicare Advantage and Part D landscape.



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