LifeStance Health Group Inc. (LFST) Prices 40M IPO at $18/Sh

LifeStance Health Group, Inc. (NASDAQ: LFST), one of the nation's largest providers of outpatient mental health care, today announced the pricing of its initial public offering of 40,000,000 shares of its common stock at a public offering price of $18.00 per share. Of the offered shares, 32,800,000 shares are being offered by the Company and 7,200,000 shares are being offered by selling stockholders. The underwriters have a 30-day option to purchase up to an additional 6,000,000 shares of common stock from the selling stockholders at the initial public offering price less underwriting discounts and commissions.

LifeStance Health's common stock is expected to begin trading on the Nasdaq Global Select Market on June 10, 2021, under the ticker symbol "LFST." The offering is expected to close on June 14, 2021, subject to customary closing conditions.

The Company intends to use net proceeds that it receives from the offering to repay amounts outstanding under its existing indebtedness and for general corporate purposes, including working capital, operating expenses and capital expenditures. The Company will not receive any proceeds from the sale of shares of common stock by the selling stockholders.

Morgan Stanley, Goldman Sachs & Co. LLC, J.P. Morgan and Jefferies are acting as lead book-runners for the offering. TPG Capital BD, LLC, UBS Investment Bank and William Blair are also acting as joint book-runners for the offering and Capital One Securities, AmeriVet Securities, Drexel Hamilton, R. Seelaus & Co., LLC and Siebert Williams Shank are acting as co-managers for the offering.

This offering is being made only by means of a prospectus.

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