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Shares of online health insurance broker GoHealth jump in market debut

Shares of GoHealth Inc jumped 19% in their Nasdaq debut on Wednesday, riding on the back of a strong revival in capital markets, which have picked up momentum after the COVID-19 pandemic placed many debuts on hold.

July 15 (Reuters) - Shares of GoHealth Inc GOCO.O jumped 19% in their Nasdaq debut on Wednesday, riding on the back of a strong revival in capital markets, which have picked up momentum after the COVID-19 pandemic placed many debuts on hold.

The online insurance broker raised $913.5 million in its upsized initial public offering, after pricing its shares at $21 apiece, above the price target range.

(Reporting by C Nivedita; Editing by Ramakrishnan M.)

((C.Nivedita@thomsonreuters.com; within the U.S. +1 646 223 8780, outside the U.S. +91 80 6182 2626; Twitter: @NivCholayil;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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