InnovAge’s $350 Million Initial Public Offering

Simpson Thacher represented the underwriters in the offering.

InnovAge Holding Corp. (“InnovAge”) completed the initial public offering of 16,666,667 shares of its common stock, which raised approximately $350 million in gross proceeds. The initial public offering closed on March 8, 2021.

The underwriters included J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C., Piper Sandler & Co., Capital One Securities, Inc., Loop Capital Markets LLC, Siebert Williams Shank & Co., LLC, and Roberts & Ryan Investments, Inc.

InnovAge is a market leader in managing the care of high-cost, dual-eligible seniors and currently serves approximately 6,600 participants across 17 centers in five states.

The Simpson Thacher team for the underwriters in this transaction included Art Robinson (Picture), Jean Park and Hyo Min Kim (Capital Markets); Jamin Koslowe and Ashlie Lawton (Executive Compensation and Employee Benefits); Karen Hsu Kelley and Amanda Weiss (Public Company Advisory Practice); Jonathan Cantor and Edward Grais (Tax); Andrew Pagliughi (FINRA & Blue Sky); Michael Isby (Environmental); Amber Harezlak (IP); and Vanessa Burrows (Healthcare).

Involved fees earner: Vanessa Burrows – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Amber Harezlak – Simpson Thacher & Bartlett; Karen Hsu Kelley – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Hyo Min Kim – Simpson Thacher & Bartlett; Jamin Koslowe – Simpson Thacher & Bartlett; Ashlie Lawton – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Jean Park – Simpson Thacher & Bartlett; Arthur Robinson – Simpson Thacher & Bartlett; Amanda Weiss – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Capital One Securities; Citigroup Global Markets Ltd; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Loop Capital Markets; Piper Sandler; Robert W. Baird & Co.; Roberts and Ryan Investments; Siebert Williams Shank & Co. LLC; William Blair & Company, L.L.C.;

Author: Martina Bellini