So Long Stock Bubble, and Thanks for All the Cash

So Long Stock Bubble, and Thanks for All the Cash

(Bloomberg Opinion) -- Clover Health Investments Corp. unsettled shareholders in November when the loss-making medical insurer, backed by investor Chamath Palihapitiya, announced a $300 million stock offering. The price of just $5.75 a share was almost two-thirds less than where it traded when joining the stock market at the start of the year. Clover already has a decent cash pile but waiting to

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