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Junhan
2021-06-23
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Junhan
2021-06-25
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Used Truck Prices Are Exploding On Feverish Demand And Lack Of Supply
Junhan
2021-06-24
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Tiger Global-backed Bright Health raises $924 million in U.S. IPO
Go to Tiger App to see more news
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23:13","market":"us","language":"en","title":"Used Truck Prices Are Exploding On Feverish Demand And Lack Of Supply","url":"https://stock-news.laohu8.com/highlight/detail?id=1151862709","media":"zerohedge","summary":"When it comes to the current state of used trucks, forget what Econ 101 teaches about supply and dem","content":"<p>When it comes to the current state of used trucks, forget what Econ 101 teaches about supply and demand. Rather than one impacting the other, both are driving used truck prices to a post-Great Recession peak.</p>\n<blockquote>\n <b>“On the supply side, ongoing new truck production constraints are causing many buyers to look for low-mileage used trucks as a substitute,”</b>Chris Visser, J.D. Power Valuation Services commercial vehicles senior analyst and product manager, told FreightWaves.“\n</blockquote>\n<blockquote>\n On the \n <b>demand</b>side, the \n <b>freight markets are still red-hot,</b>encouraging truckers to upgrade to newer iron.”\n</blockquote>\n<p>Preliminary used Class 8 truck volumes by the same dealers dropped 14% in May compared to April. But they were 46% higher in May than the pandemic-influenced month a year earlier, according to ACT Research.</p>\n<p>“U.S. GDP is forecast to hit nearly 7% in 2021, freight volumes are through the roof, and freight rates are just now starting to pull back from record highs,” ACT Vice President Steve Tam said.</p>\n<p><u><b>Struggling to keep up</b></u></p>\n<p>New truck production, beset by shortages of microchips that power critical vehicle functions, and through-the-roof commodity prices, is only beginning to recover but manufacturers are having difficulties hiring enough workers.</p>\n<p>“It is in the context of this strong market that new truck production is struggling to keep up with strong demand and limiting the used truck market from realizing its full potential,” Tam said. “By all indications, demand continues to outpace supply, and for that reason, it should come as no surprise that truck prices continue to increase.”</p>\n<p><u><b>Appreciation across the board</b></u></p>\n<p>J.D. Power reported that trucks in most segments appreciated in May with Class 8 auction pricing up 11.9% over April. Retail pricing was up 7.1% month over month.</p>\n<p><img src=\"https://static.tigerbbs.com/18f3c7b9d3f32cfca89702e93de6811a\" tg-width=\"500\" tg-height=\"166\" referrerpolicy=\"no-referrer\"></p>\n<p>The newest available sleeper tractors are bringing pricing at or above the highest peak months in the post-Great Recession period, Visser said.</p>\n<blockquote>\n <i>“We expect late-model pricing in June to clearly surpass the highest months in the post-Great Recession period.”</i> - Chris Visser, J.D. Power Valuation Services commercial vehicles senior analyst and product manager\n</blockquote>\n<p>The average sleeper tractor retailed in May was 71 months old, had 416,232 miles and brought $63,518. Compared to May 2020, this average sleeper was four months older, had 45,606, or 9.9% fewer miles, and brought $23,285 or 57.9% more money.</p>\n<p>All used Class 8 sleepers from 2016 to 2020 model years commanded higher prices in May. Model year 2020 led the way with a 9.6% higher price than in April.</p>\n<p><u><b>Highest prices since Great Recession</b></u></p>\n<p>“We expect late-model pricing in June to clearly surpass the highest months in the post-Great Recession period,” Visser said. “In times like this it’s easier to justify the expense of a newer truck if it means better reliability and fuel economy and possibly a warranty.”</p>\n<p>Retail traffic pulled back as inventory was hard to come by. Dealers sold an average of 5.2 trucks per store in May, 0.4 fewer than in April. Year over year, the first five months of 2021 generated 1.6 more truck sales per dealership than during the same period of 2020.</p>\n<p>“We expect traffic to remain relatively solid in the summer,” Visser said.</p>\n<p>Looking ahead, he said, most trucks should see mild-to-moderate retail appreciation into the third quarter before moving lower later in the year as the supply chain rebalances and trucks become more available.</p>\n<p>Scant availability typical for a cyclical lower period for trade-ins is causing moderate swings in average monthly prices of Power’s benchmark group of 4- to 6-year-old trucks.</p>\n<p>“We have not seen any letup in actual pricing since the run-up began last year,” Visser said. “Compared to the first five months of 2020, this group is running 80.3% ahead. It’s no surprise that 2021 would perform much better than 2020, but our benchmark group is also bringing by far the highest pricing in the six years we’ve been tracking it.”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Used Truck Prices Are Exploding On Feverish Demand And Lack Of Supply</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUsed Truck Prices Are Exploding On Feverish Demand And Lack Of Supply\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 23:13 GMT+8 <a href=https://www.zerohedge.com/markets/used-truck-prices-are-exploding-feverish-demand-and-lack-supply><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When it comes to the current state of used trucks, forget what Econ 101 teaches about supply and demand. Rather than one impacting the other, both are driving used truck prices to a post-Great ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/used-truck-prices-are-exploding-feverish-demand-and-lack-supply\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/used-truck-prices-are-exploding-feverish-demand-and-lack-supply","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151862709","content_text":"When it comes to the current state of used trucks, forget what Econ 101 teaches about supply and demand. Rather than one impacting the other, both are driving used truck prices to a post-Great Recession peak.\n\n“On the supply side, ongoing new truck production constraints are causing many buyers to look for low-mileage used trucks as a substitute,”Chris Visser, J.D. Power Valuation Services commercial vehicles senior analyst and product manager, told FreightWaves.“\n\n\n On the \n demandside, the \n freight markets are still red-hot,encouraging truckers to upgrade to newer iron.”\n\nPreliminary used Class 8 truck volumes by the same dealers dropped 14% in May compared to April. But they were 46% higher in May than the pandemic-influenced month a year earlier, according to ACT Research.\n“U.S. GDP is forecast to hit nearly 7% in 2021, freight volumes are through the roof, and freight rates are just now starting to pull back from record highs,” ACT Vice President Steve Tam said.\nStruggling to keep up\nNew truck production, beset by shortages of microchips that power critical vehicle functions, and through-the-roof commodity prices, is only beginning to recover but manufacturers are having difficulties hiring enough workers.\n“It is in the context of this strong market that new truck production is struggling to keep up with strong demand and limiting the used truck market from realizing its full potential,” Tam said. “By all indications, demand continues to outpace supply, and for that reason, it should come as no surprise that truck prices continue to increase.”\nAppreciation across the board\nJ.D. Power reported that trucks in most segments appreciated in May with Class 8 auction pricing up 11.9% over April. Retail pricing was up 7.1% month over month.\n\nThe newest available sleeper tractors are bringing pricing at or above the highest peak months in the post-Great Recession period, Visser said.\n\n“We expect late-model pricing in June to clearly surpass the highest months in the post-Great Recession period.” - Chris Visser, J.D. Power Valuation Services commercial vehicles senior analyst and product manager\n\nThe average sleeper tractor retailed in May was 71 months old, had 416,232 miles and brought $63,518. Compared to May 2020, this average sleeper was four months older, had 45,606, or 9.9% fewer miles, and brought $23,285 or 57.9% more money.\nAll used Class 8 sleepers from 2016 to 2020 model years commanded higher prices in May. Model year 2020 led the way with a 9.6% higher price than in April.\nHighest prices since Great Recession\n“We expect late-model pricing in June to clearly surpass the highest months in the post-Great Recession period,” Visser said. “In times like this it’s easier to justify the expense of a newer truck if it means better reliability and fuel economy and possibly a warranty.”\nRetail traffic pulled back as inventory was hard to come by. Dealers sold an average of 5.2 trucks per store in May, 0.4 fewer than in April. Year over year, the first five months of 2021 generated 1.6 more truck sales per dealership than during the same period of 2020.\n“We expect traffic to remain relatively solid in the summer,” Visser said.\nLooking ahead, he said, most trucks should see mild-to-moderate retail appreciation into the third quarter before moving lower later in the year as the supply chain rebalances and trucks become more available.\nScant availability typical for a cyclical lower period for trade-ins is causing moderate swings in average monthly prices of Power’s benchmark group of 4- to 6-year-old trucks.\n“We have not seen any letup in actual pricing since the run-up began last year,” Visser said. “Compared to the first five months of 2020, this group is running 80.3% ahead. It’s no surprise that 2021 would perform much better than 2020, but our benchmark group is also bringing by far the highest pricing in the six years we’ve been tracking it.”","news_type":1,"symbols_score_info":{"SPY":0.9,".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128675506,"gmtCreate":1624516179305,"gmtModify":1703839050449,"author":{"id":"3555053433447889","authorId":"3555053433447889","name":"Junhan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555053433447889","idStr":"3555053433447889"},"themes":[],"htmlText":"Good job!","listText":"Good job!","text":"Good job!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128675506","repostId":"1185713985","repostType":4,"repost":{"id":"1185713985","kind":"news","pubTimestamp":1624512387,"share":"https://ttm.financial/m/news/1185713985?lang=en_US&edition=fundamental","pubTime":"2021-06-24 13:26","market":"us","language":"en","title":"Tiger Global-backed Bright Health raises $924 million in U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1185713985","media":"Reuters","summary":"NEW YORK (Reuters) - Bright Health Group, a health insurance start-up backed by Tiger Global and Bla","content":"<p>NEW YORK (Reuters) - Bright Health Group, a health insurance start-up backed by Tiger Global and Blackstone Group Inc, said on Wednesday it sold shares in its initial public offering at a price lower than its target range to raise $924.3 million.</p>\n<p>Bright Health priced 51.3 million shares at $18 per share and had issued a targeted price range of $20 to 23. The IPO values the company at $11.23 billion.</p>\n<p>The IPO comes at a time more people seek remote healthcare during the pandemic, supercharging the telemedicine market and prompting companies to expand their scale.</p>\n<p>Health insurance startup Oscar Health Inc, backed by Google parent Alphabet Inc, was valued at over $7 billion in its market debut in March, while Clover Health Investments Corp last year agreed to go public through a merger with a blank-check firm backed by venture capitalist Chamath Palihapitiya.</p>\n<p>Minneapolis-based Bright Health runs two businesses, NeueHealth and Bright HealthCare, through which it offers virtual and in-person clinical care to patients through affiliated primary care clinics. It also sells Medicare and commercial health insurance across 14 states in the U.S.</p>\n<p>Bright Health, co-founded in 2015 by UnitedHealth Group Inc’s former chief executive officer Bob Sheehy, generated over $1.2 billion in revenue in 2020.</p>\n<p>The company’s net losses nearly doubled to $248 million in 2020 from $125 million a year earlier, and has been reporting losses since it was founded.</p>\n<p>Bright Health raised $500 million in a late-stage funding round in September last year from investors such as Tiger Global Management, T. Rowe Price Associates and Blackstone, bringing the total equity raised to more than $1.5 billion.</p>\n<p>J.P. Morgan, Goldman Sachs, Morgan Stanley and Barclays are the lead underwriters for the offering.</p>\n<p>The company plans to list its shares on the New York Stock Exchange under the symbol “BHG” on Thursday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Global-backed Bright Health raises $924 million in U.S. IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Global-backed Bright Health raises $924 million in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 13:26 GMT+8 <a href=https://www.reuters.com/article/bright-health-ipo/tiger-global-backed-bright-health-raises-924-mln-in-u-s-ipo-idUSL2N2O52CQ><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Bright Health Group, a health insurance start-up backed by Tiger Global and Blackstone Group Inc, said on Wednesday it sold shares in its initial public offering at a price lower ...</p>\n\n<a href=\"https://www.reuters.com/article/bright-health-ipo/tiger-global-backed-bright-health-raises-924-mln-in-u-s-ipo-idUSL2N2O52CQ\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/bright-health-ipo/tiger-global-backed-bright-health-raises-924-mln-in-u-s-ipo-idUSL2N2O52CQ","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185713985","content_text":"NEW YORK (Reuters) - Bright Health Group, a health insurance start-up backed by Tiger Global and Blackstone Group Inc, said on Wednesday it sold shares in its initial public offering at a price lower than its target range to raise $924.3 million.\nBright Health priced 51.3 million shares at $18 per share and had issued a targeted price range of $20 to 23. The IPO values the company at $11.23 billion.\nThe IPO comes at a time more people seek remote healthcare during the pandemic, supercharging the telemedicine market and prompting companies to expand their scale.\nHealth insurance startup Oscar Health Inc, backed by Google parent Alphabet Inc, was valued at over $7 billion in its market debut in March, while Clover Health Investments Corp last year agreed to go public through a merger with a blank-check firm backed by venture capitalist Chamath Palihapitiya.\nMinneapolis-based Bright Health runs two businesses, NeueHealth and Bright HealthCare, through which it offers virtual and in-person clinical care to patients through affiliated primary care clinics. It also sells Medicare and commercial health insurance across 14 states in the U.S.\nBright Health, co-founded in 2015 by UnitedHealth Group Inc’s former chief executive officer Bob Sheehy, generated over $1.2 billion in revenue in 2020.\nThe company’s net losses nearly doubled to $248 million in 2020 from $125 million a year earlier, and has been reporting losses since it was founded.\nBright Health raised $500 million in a late-stage funding round in September last year from investors such as Tiger Global Management, T. Rowe Price Associates and Blackstone, bringing the total equity raised to more than $1.5 billion.\nJ.P. Morgan, Goldman Sachs, Morgan Stanley and Barclays are the lead underwriters for the offering.\nThe company plans to list its shares on the New York Stock Exchange under the symbol “BHG” on Thursday.","news_type":1,"symbols_score_info":{"BHG":0.9}},"isVote":1,"tweetType":1,"viewCount":1151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123990831,"gmtCreate":1624405690223,"gmtModify":1703835531268,"author":{"id":"3555053433447889","authorId":"3555053433447889","name":"Junhan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555053433447889","idStr":"3555053433447889"},"themes":[],"htmlText":"Awesome!","listText":"Awesome!","text":"Awesome!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123990831","repostId":"1184188790","repostType":4,"repost":{"id":"1184188790","kind":"news","pubTimestamp":1624404304,"share":"https://ttm.financial/m/news/1184188790?lang=en_US&edition=fundamental","pubTime":"2021-06-23 07:25","market":"us","language":"en","title":"SoftBank-backed Dingdong targets over $6 bln valuation in U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1184188790","media":"Reuters","summary":"June 22 (Reuters) - Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for over ","content":"<p>June 22 (Reuters) - Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for over $6 billion valuation in its New York debut as the online grocer joins Asian tech startups seeking to tap into the IPO boom in the United States.</p>\n<p>The company said it aims to raise up to $357 million in its IPO as it seeks to compete in a crowded sector that has seen established players including Alibaba Group and Pinduoduo competing aggressively.</p>\n<p>Dingdong, which is also backed by Tiger Global Management, will sell 14 million American Depositary Shares (ADSs) priced between $23.50 and $25.50 each, according to its filing.</p>\n<p>The COVID-19 pandemic has fueled online demand for fresh produce in China. Tencent Holdings Ltd-backed Missfresh, another Chinese online grocery startup, also set its IPO terms earlier on Tuesday, targeting a valuation of nearly $3.8 billion.</p>\n<p>Dingdong plans to list its shares on the New York Stock Exchange under the symbol “DDL”. Morgan Stanley, BofA Securities and Credit Suisse are the IPO’s lead underwriters.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoftBank-backed Dingdong targets over $6 bln valuation in U.S. IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoftBank-backed Dingdong targets over $6 bln valuation in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 07:25 GMT+8 <a href=https://www.reuters.com/article/dingdong-ipo/corrected-update-1-softbank-backed-dingdong-targets-over-6-bln-valuation-in-u-s-ipo-idUSL3N2O43S4><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 22 (Reuters) - Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for over $6 billion valuation in its New York debut as the online grocer joins Asian tech startups seeking to...</p>\n\n<a href=\"https://www.reuters.com/article/dingdong-ipo/corrected-update-1-softbank-backed-dingdong-targets-over-6-bln-valuation-in-u-s-ipo-idUSL3N2O43S4\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DDL":"叮咚买菜"},"source_url":"https://www.reuters.com/article/dingdong-ipo/corrected-update-1-softbank-backed-dingdong-targets-over-6-bln-valuation-in-u-s-ipo-idUSL3N2O43S4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184188790","content_text":"June 22 (Reuters) - Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for over $6 billion valuation in its New York debut as the online grocer joins Asian tech startups seeking to tap into the IPO boom in the United States.\nThe company said it aims to raise up to $357 million in its IPO as it seeks to compete in a crowded sector that has seen established players including Alibaba Group and Pinduoduo competing aggressively.\nDingdong, which is also backed by Tiger Global Management, will sell 14 million American Depositary Shares (ADSs) priced between $23.50 and $25.50 each, according to its filing.\nThe COVID-19 pandemic has fueled online demand for fresh produce in China. Tencent Holdings Ltd-backed Missfresh, another Chinese online grocery startup, also set its IPO terms earlier on Tuesday, targeting a valuation of nearly $3.8 billion.\nDingdong plans to list its shares on the New York Stock Exchange under the symbol “DDL”. Morgan Stanley, BofA Securities and Credit Suisse are the IPO’s lead underwriters.","news_type":1,"symbols_score_info":{"DDL":0.9}},"isVote":1,"tweetType":1,"viewCount":2189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":123990831,"gmtCreate":1624405690223,"gmtModify":1703835531268,"author":{"id":"3555053433447889","authorId":"3555053433447889","name":"Junhan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555053433447889","idStr":"3555053433447889"},"themes":[],"htmlText":"Awesome!","listText":"Awesome!","text":"Awesome!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123990831","repostId":"1184188790","repostType":4,"isVote":1,"tweetType":1,"viewCount":2189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126880019,"gmtCreate":1624550938231,"gmtModify":1703840250277,"author":{"id":"3555053433447889","authorId":"3555053433447889","name":"Junhan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555053433447889","idStr":"3555053433447889"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126880019","repostId":"1151862709","repostType":4,"repost":{"id":"1151862709","kind":"news","pubTimestamp":1624547636,"share":"https://ttm.financial/m/news/1151862709?lang=en_US&edition=fundamental","pubTime":"2021-06-24 23:13","market":"us","language":"en","title":"Used Truck Prices Are Exploding On Feverish Demand And Lack Of Supply","url":"https://stock-news.laohu8.com/highlight/detail?id=1151862709","media":"zerohedge","summary":"When it comes to the current state of used trucks, forget what Econ 101 teaches about supply and dem","content":"<p>When it comes to the current state of used trucks, forget what Econ 101 teaches about supply and demand. Rather than one impacting the other, both are driving used truck prices to a post-Great Recession peak.</p>\n<blockquote>\n <b>“On the supply side, ongoing new truck production constraints are causing many buyers to look for low-mileage used trucks as a substitute,”</b>Chris Visser, J.D. Power Valuation Services commercial vehicles senior analyst and product manager, told FreightWaves.“\n</blockquote>\n<blockquote>\n On the \n <b>demand</b>side, the \n <b>freight markets are still red-hot,</b>encouraging truckers to upgrade to newer iron.”\n</blockquote>\n<p>Preliminary used Class 8 truck volumes by the same dealers dropped 14% in May compared to April. But they were 46% higher in May than the pandemic-influenced month a year earlier, according to ACT Research.</p>\n<p>“U.S. GDP is forecast to hit nearly 7% in 2021, freight volumes are through the roof, and freight rates are just now starting to pull back from record highs,” ACT Vice President Steve Tam said.</p>\n<p><u><b>Struggling to keep up</b></u></p>\n<p>New truck production, beset by shortages of microchips that power critical vehicle functions, and through-the-roof commodity prices, is only beginning to recover but manufacturers are having difficulties hiring enough workers.</p>\n<p>“It is in the context of this strong market that new truck production is struggling to keep up with strong demand and limiting the used truck market from realizing its full potential,” Tam said. “By all indications, demand continues to outpace supply, and for that reason, it should come as no surprise that truck prices continue to increase.”</p>\n<p><u><b>Appreciation across the board</b></u></p>\n<p>J.D. Power reported that trucks in most segments appreciated in May with Class 8 auction pricing up 11.9% over April. Retail pricing was up 7.1% month over month.</p>\n<p><img src=\"https://static.tigerbbs.com/18f3c7b9d3f32cfca89702e93de6811a\" tg-width=\"500\" tg-height=\"166\" referrerpolicy=\"no-referrer\"></p>\n<p>The newest available sleeper tractors are bringing pricing at or above the highest peak months in the post-Great Recession period, Visser said.</p>\n<blockquote>\n <i>“We expect late-model pricing in June to clearly surpass the highest months in the post-Great Recession period.”</i> - Chris Visser, J.D. Power Valuation Services commercial vehicles senior analyst and product manager\n</blockquote>\n<p>The average sleeper tractor retailed in May was 71 months old, had 416,232 miles and brought $63,518. Compared to May 2020, this average sleeper was four months older, had 45,606, or 9.9% fewer miles, and brought $23,285 or 57.9% more money.</p>\n<p>All used Class 8 sleepers from 2016 to 2020 model years commanded higher prices in May. Model year 2020 led the way with a 9.6% higher price than in April.</p>\n<p><u><b>Highest prices since Great Recession</b></u></p>\n<p>“We expect late-model pricing in June to clearly surpass the highest months in the post-Great Recession period,” Visser said. “In times like this it’s easier to justify the expense of a newer truck if it means better reliability and fuel economy and possibly a warranty.”</p>\n<p>Retail traffic pulled back as inventory was hard to come by. Dealers sold an average of 5.2 trucks per store in May, 0.4 fewer than in April. Year over year, the first five months of 2021 generated 1.6 more truck sales per dealership than during the same period of 2020.</p>\n<p>“We expect traffic to remain relatively solid in the summer,” Visser said.</p>\n<p>Looking ahead, he said, most trucks should see mild-to-moderate retail appreciation into the third quarter before moving lower later in the year as the supply chain rebalances and trucks become more available.</p>\n<p>Scant availability typical for a cyclical lower period for trade-ins is causing moderate swings in average monthly prices of Power’s benchmark group of 4- to 6-year-old trucks.</p>\n<p>“We have not seen any letup in actual pricing since the run-up began last year,” Visser said. “Compared to the first five months of 2020, this group is running 80.3% ahead. It’s no surprise that 2021 would perform much better than 2020, but our benchmark group is also bringing by far the highest pricing in the six years we’ve been tracking it.”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Used Truck Prices Are Exploding On Feverish Demand And Lack Of Supply</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUsed Truck Prices Are Exploding On Feverish Demand And Lack Of Supply\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 23:13 GMT+8 <a href=https://www.zerohedge.com/markets/used-truck-prices-are-exploding-feverish-demand-and-lack-supply><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When it comes to the current state of used trucks, forget what Econ 101 teaches about supply and demand. Rather than one impacting the other, both are driving used truck prices to a post-Great ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/used-truck-prices-are-exploding-feverish-demand-and-lack-supply\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/used-truck-prices-are-exploding-feverish-demand-and-lack-supply","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151862709","content_text":"When it comes to the current state of used trucks, forget what Econ 101 teaches about supply and demand. Rather than one impacting the other, both are driving used truck prices to a post-Great Recession peak.\n\n“On the supply side, ongoing new truck production constraints are causing many buyers to look for low-mileage used trucks as a substitute,”Chris Visser, J.D. Power Valuation Services commercial vehicles senior analyst and product manager, told FreightWaves.“\n\n\n On the \n demandside, the \n freight markets are still red-hot,encouraging truckers to upgrade to newer iron.”\n\nPreliminary used Class 8 truck volumes by the same dealers dropped 14% in May compared to April. But they were 46% higher in May than the pandemic-influenced month a year earlier, according to ACT Research.\n“U.S. GDP is forecast to hit nearly 7% in 2021, freight volumes are through the roof, and freight rates are just now starting to pull back from record highs,” ACT Vice President Steve Tam said.\nStruggling to keep up\nNew truck production, beset by shortages of microchips that power critical vehicle functions, and through-the-roof commodity prices, is only beginning to recover but manufacturers are having difficulties hiring enough workers.\n“It is in the context of this strong market that new truck production is struggling to keep up with strong demand and limiting the used truck market from realizing its full potential,” Tam said. “By all indications, demand continues to outpace supply, and for that reason, it should come as no surprise that truck prices continue to increase.”\nAppreciation across the board\nJ.D. Power reported that trucks in most segments appreciated in May with Class 8 auction pricing up 11.9% over April. Retail pricing was up 7.1% month over month.\n\nThe newest available sleeper tractors are bringing pricing at or above the highest peak months in the post-Great Recession period, Visser said.\n\n“We expect late-model pricing in June to clearly surpass the highest months in the post-Great Recession period.” - Chris Visser, J.D. Power Valuation Services commercial vehicles senior analyst and product manager\n\nThe average sleeper tractor retailed in May was 71 months old, had 416,232 miles and brought $63,518. Compared to May 2020, this average sleeper was four months older, had 45,606, or 9.9% fewer miles, and brought $23,285 or 57.9% more money.\nAll used Class 8 sleepers from 2016 to 2020 model years commanded higher prices in May. Model year 2020 led the way with a 9.6% higher price than in April.\nHighest prices since Great Recession\n“We expect late-model pricing in June to clearly surpass the highest months in the post-Great Recession period,” Visser said. “In times like this it’s easier to justify the expense of a newer truck if it means better reliability and fuel economy and possibly a warranty.”\nRetail traffic pulled back as inventory was hard to come by. Dealers sold an average of 5.2 trucks per store in May, 0.4 fewer than in April. Year over year, the first five months of 2021 generated 1.6 more truck sales per dealership than during the same period of 2020.\n“We expect traffic to remain relatively solid in the summer,” Visser said.\nLooking ahead, he said, most trucks should see mild-to-moderate retail appreciation into the third quarter before moving lower later in the year as the supply chain rebalances and trucks become more available.\nScant availability typical for a cyclical lower period for trade-ins is causing moderate swings in average monthly prices of Power’s benchmark group of 4- to 6-year-old trucks.\n“We have not seen any letup in actual pricing since the run-up began last year,” Visser said. “Compared to the first five months of 2020, this group is running 80.3% ahead. It’s no surprise that 2021 would perform much better than 2020, but our benchmark group is also bringing by far the highest pricing in the six years we’ve been tracking it.”","news_type":1,"symbols_score_info":{"SPY":0.9,".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128675506,"gmtCreate":1624516179305,"gmtModify":1703839050449,"author":{"id":"3555053433447889","authorId":"3555053433447889","name":"Junhan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555053433447889","idStr":"3555053433447889"},"themes":[],"htmlText":"Good job!","listText":"Good job!","text":"Good job!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128675506","repostId":"1185713985","repostType":4,"repost":{"id":"1185713985","kind":"news","pubTimestamp":1624512387,"share":"https://ttm.financial/m/news/1185713985?lang=en_US&edition=fundamental","pubTime":"2021-06-24 13:26","market":"us","language":"en","title":"Tiger Global-backed Bright Health raises $924 million in U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1185713985","media":"Reuters","summary":"NEW YORK (Reuters) - Bright Health Group, a health insurance start-up backed by Tiger Global and Bla","content":"<p>NEW YORK (Reuters) - Bright Health Group, a health insurance start-up backed by Tiger Global and Blackstone Group Inc, said on Wednesday it sold shares in its initial public offering at a price lower than its target range to raise $924.3 million.</p>\n<p>Bright Health priced 51.3 million shares at $18 per share and had issued a targeted price range of $20 to 23. The IPO values the company at $11.23 billion.</p>\n<p>The IPO comes at a time more people seek remote healthcare during the pandemic, supercharging the telemedicine market and prompting companies to expand their scale.</p>\n<p>Health insurance startup Oscar Health Inc, backed by Google parent Alphabet Inc, was valued at over $7 billion in its market debut in March, while Clover Health Investments Corp last year agreed to go public through a merger with a blank-check firm backed by venture capitalist Chamath Palihapitiya.</p>\n<p>Minneapolis-based Bright Health runs two businesses, NeueHealth and Bright HealthCare, through which it offers virtual and in-person clinical care to patients through affiliated primary care clinics. It also sells Medicare and commercial health insurance across 14 states in the U.S.</p>\n<p>Bright Health, co-founded in 2015 by UnitedHealth Group Inc’s former chief executive officer Bob Sheehy, generated over $1.2 billion in revenue in 2020.</p>\n<p>The company’s net losses nearly doubled to $248 million in 2020 from $125 million a year earlier, and has been reporting losses since it was founded.</p>\n<p>Bright Health raised $500 million in a late-stage funding round in September last year from investors such as Tiger Global Management, T. Rowe Price Associates and Blackstone, bringing the total equity raised to more than $1.5 billion.</p>\n<p>J.P. Morgan, Goldman Sachs, Morgan Stanley and Barclays are the lead underwriters for the offering.</p>\n<p>The company plans to list its shares on the New York Stock Exchange under the symbol “BHG” on Thursday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Global-backed Bright Health raises $924 million in U.S. IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Global-backed Bright Health raises $924 million in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 13:26 GMT+8 <a href=https://www.reuters.com/article/bright-health-ipo/tiger-global-backed-bright-health-raises-924-mln-in-u-s-ipo-idUSL2N2O52CQ><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Bright Health Group, a health insurance start-up backed by Tiger Global and Blackstone Group Inc, said on Wednesday it sold shares in its initial public offering at a price lower ...</p>\n\n<a href=\"https://www.reuters.com/article/bright-health-ipo/tiger-global-backed-bright-health-raises-924-mln-in-u-s-ipo-idUSL2N2O52CQ\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/bright-health-ipo/tiger-global-backed-bright-health-raises-924-mln-in-u-s-ipo-idUSL2N2O52CQ","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185713985","content_text":"NEW YORK (Reuters) - Bright Health Group, a health insurance start-up backed by Tiger Global and Blackstone Group Inc, said on Wednesday it sold shares in its initial public offering at a price lower than its target range to raise $924.3 million.\nBright Health priced 51.3 million shares at $18 per share and had issued a targeted price range of $20 to 23. The IPO values the company at $11.23 billion.\nThe IPO comes at a time more people seek remote healthcare during the pandemic, supercharging the telemedicine market and prompting companies to expand their scale.\nHealth insurance startup Oscar Health Inc, backed by Google parent Alphabet Inc, was valued at over $7 billion in its market debut in March, while Clover Health Investments Corp last year agreed to go public through a merger with a blank-check firm backed by venture capitalist Chamath Palihapitiya.\nMinneapolis-based Bright Health runs two businesses, NeueHealth and Bright HealthCare, through which it offers virtual and in-person clinical care to patients through affiliated primary care clinics. It also sells Medicare and commercial health insurance across 14 states in the U.S.\nBright Health, co-founded in 2015 by UnitedHealth Group Inc’s former chief executive officer Bob Sheehy, generated over $1.2 billion in revenue in 2020.\nThe company’s net losses nearly doubled to $248 million in 2020 from $125 million a year earlier, and has been reporting losses since it was founded.\nBright Health raised $500 million in a late-stage funding round in September last year from investors such as Tiger Global Management, T. Rowe Price Associates and Blackstone, bringing the total equity raised to more than $1.5 billion.\nJ.P. Morgan, Goldman Sachs, Morgan Stanley and Barclays are the lead underwriters for the offering.\nThe company plans to list its shares on the New York Stock Exchange under the symbol “BHG” on Thursday.","news_type":1,"symbols_score_info":{"BHG":0.9}},"isVote":1,"tweetType":1,"viewCount":1151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
