ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM |
CONFIDENTIAL TREATMENT REQUESTED UNDER 17 C.F.R. §200.83 BY
LIFESTANCE HEALTH GROUP, INC.
CONTACT: RYAN PARDO, CHIEF LEGAL OFFICER
OF LIFESTANCE HEALTH GROUP, INC. AT (425) 279-8500
FOIA Confidential Treatment Request
The entity requesting confidential treatment is:
LifeStance Health Group, Inc.
4800 N. Scottsdale Road
Suite 6000
Scottsdale, AZ 85251
Attn: Ryan Pardo
Chief Legal Officer
May 18, 2021
VIA EDGAR AND SECURE FILE TRANSFER
CONFIDENTIAL
Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
Attention: | Tracie Mariner; Brian Cascio | |
Deanna Virginio; Jeffrey Gabor | ||
Re: | LifeStance Health Group, Inc. | |
Registration Statement on Form S-1 | ||
CIK No. 0001845257 |
Ladies and Gentlemen:
On behalf of LifeStance Health Group, Inc. (the Company), we are submitting this letter on a supplemental basis in order to facilitate the review by the staff (the Staff) of the Securities and Exchange Commission (the Commission) of the Companys Registration Statement on Form S-1 (File No. 333-256202) ( the Registration Statement) in connection with the proposed offering of shares of the Companys common stock.
Based on discussions with the Companys Board of Directors and input provided by the underwriters, in the proposed offering, the Company currently anticipates a price range for the Companys common stock in the proposed offering where the low end of the range will not be lower than $[****] per share and the high end of the range will not be higher than $[****] per share. This preliminary price range assumes completion of the Organizational Transactions (as described in the Registration Statement) and implies a value of approximately $[****] to $[****] per Class A Unit of LifeStance TopCo, L.P. prior to the Organizational Transactions. In arriving at this preliminary price range, the Company, the selling stockholders and the underwriters considered several factors, including the Companys future prospects and those of its industry in general; the Companys sales, earnings and certain other financial and operating information in recent periods; the price-earnings ratios, price-sales ratios, market prices of securities, and certain financial and operating information of companies engaged in activities similar to those of the Company; and preliminary discussions between the Company and the underwriters regarding potential valuations of the Company as a public company. The anticipated price range remains subject to change. The Company expects to include a bona fide estimated price range, as required by Item 501(b) of Regulation S-K, in an amendment to the Registration Statement to be filed prior to circulating the preliminary prospectus related to the proposed offering.
Please do not hesitate to call me at (617) 951-063, or my colleague Dayna Mudge at (617) 235-4137, with any questions or further comments regarding this submission.
Sincerely, |
/s/ Thomas Fraser |
Thomas Fraser |
cc: | Michael K. Lester (LifeStance Health Group, Inc.) | |
Ryan Pardo (LifeStance Health Group, Inc.) |