The US Online Prescription Drug Pricing Market GoodRx Inc has filed documents with the US Securities and Exchange Commission for a possible initial public offering, according to people familiar with the matter.
GoodRx, which was valued at $ 2.8 billion in 2018 when private equity firm Silver Lake invested in the company, is in the process of hiring advisors for the IPO, the sources said, requesting anonymity because the preparations are confidential.
The list could come later this year or early 2021, added one source, noting that the plans were subject to market conditions.
GoodRx did not immediately respond to a request for comment.
Founded by Doug Hirsch and Trevor Bezdek in 2011, GoodRx collects information from more than 70,000 US pharmacies to track drug prices and offer coupons to consumers for discounts. Earn money by charging fees to associate pharmacy benefit managers.
The Santa Monica, California-based company's website is used by more than 10 million Americans each month, according to GoodRx. Last year, it expanded to telemedicine by acquiring HeyDoctor LLC.
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