SAN DIEGO & CHICAGO--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP is investigating whether certain officers and directors of GoHealth, Inc. (NASDAQ: GOCO) breached their fiduciary duties to shareholders, misled the market, or violated federal securities laws in connection with its initial public offering ("IPO"). GoHealth operates a health insurance marketplace to enhance access to healthcare in the U.S.
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GoHealth conducted its IPO on July 15, 2020, selling approximately 43.5 million shares for $21.00 per share raising nearly $914 million. On August 21, 2020, GoHealth reported its first quarterly earnings since its IPO, announcing a net loss of $22.9 million in the second quarter compared to net income of $15.3 million in the prior-year period. On August 26, 2020, GoHealth opened at $14.49, a 30% decline from its IPO price.
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