Currency.com adds tokenised shares of growing medical company lifestance health group
US medical company Lifestance Health Group (LFST), which went public on 10 June, provides both remote and physical mental health therapy throughout the country.
Its tokens are available to trade on Currency.com.
The pandemic has increased mental health awareness. Now more than ever, it’s important to recognise the signs of mental health problems. Lifestance Health Group provides online counseling services in every US state. It employs over 3,000 licensed mental health professionals.
Its preliminary estimate before listing was around $6bn. On the first day of its IPO, LFST raised $7.5bn. The company received more than $1bn in equity capital from major investors, including TPG Capital and Summit Partners.
The longer the coronavirus pandemic lasts, the more the need for psychological assistance services. In 2021, 42% of Americans said they’d experienced mental health problems - a big increase on 11% in 2020.
Nevertheless, as with any IPO, however attractive the asset may be, you should be careful when trading. Post-listing prices may be volatile.