LifeStance Health dips after launching secondary offering

TPG

25/02/2026 22:23

** Mental healthcare provider LifeStance Health's LFST.O shares down 3.5% post
    -market to $7.15 after secondary offering launched

    ** Scottsdale, Arizona-based LFST says certain holders to part with 25 mln shares

    ** In addition, LFST to repurchase 7 mln offering shares from the underwriter, JP Morgan

** LFST shares on Weds closed up 3.8% at $7.41 after co posted Q4 rev beat and forecast 2026 rev above expectations

** Co has ~389.8 mln shares outstanding as of Feb 17, per latest filing

** Buyout firm TPG TPG.O is largest shareholder with ~160.7 mln shares, followed by Fidelity Management (39.6 mln shares) and private equity firm Summit Partners (33.5 mln shares), per LSEG data

** Through Weds close, stock up 5% YTD

    ** Avg rating of 11 analysts is "buy"; median PT $10

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))