GoHealth (GOCO) Stock IPO - Health Insurance Marketplace

July 10, 2020 - Health Insurance Marketplace company GoHealth (GOCO) plans to IPO under the ticker symbol "GOCO" next week.  GoHealth (GOCO) stock should see a lot of action as the company is growing fast and is a much larger, well-established company.  Look for the GOCO IPO to open for trading July 16 or July 17, 2020.

GoHealth (GOCO) a leading health insurance marketplace whose mission is to improve access to healthcare in America. Their proprietary technology platform leverages modern machine-learning algorithms powered by nearly two decades of insurance behavioral data to reimagine the optimal process for helping individuals find the best health insurance plan for their specific needs. Their differentiated combination of a vertically-integrated consumer acquisition platform and highly skilled and trained licensed agents has enabled us to enroll millions of people in Medicare and individual and family plans since our inception. With over 10,000 Americans turning 65 years old every day and GoHealth’s track record of significant growth in net revenues in the Medicare space in the past five years, they believe they will continue to be one of the top choices for unbiased insurance advice to help navigate one of the most important purchasing decisions individuals make.

GoHealth (GOCO) IPO Details:

IPO Price Range: $18-20
Float Shares: 39.5 Million Shares
Total Shares Outstanding: 313.2 Million
2019 Sales vs 2018 Sales:  231.01 Million vs 226.2 Million
Q1 2020 Sales: 141 Million

As you can see, GoHealth saw flat sales from 2018-2019 but they now appear to be exploding.  I'm sure there is a good explanation for this but its one red flag to keep in mind.  Trading IPO's is a lot different than making them long term investments.  For now, GOCO is a trade consideration but I wouldn't invest in the company.  Lemonade (LMND) is a company worth investing in at the right price (below $50 on a huge correction).

Watch out for the NCNO IPO - https://daytradingstockblog.blogspot.com/2020/07/ncino-ncno-stock-ipo-cloud-software-for.html