Health and wellness media company Everyday Health sets terms for $100 million IPO

By
A A A

Everyday Health, which publishes health and wellness media via 25 websites and 26 mobile applications, announced terms for its IPO on Monday. The New York, NY-based company and its selling shareholders plan to raise $100 million by offering 7.15 million shares (25% insider) at a price range of $13 to $15. At the midpoint of the proposed range, Everyday Health would command a fully diluted market value of $454 million.

Everyday Health, which was founded in 2002 and booked $156 million in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol EVDY. Everyday Health initially filed confidentially on July 31, 2013. J.P. Morgan, Credit Suisse and Citi are the joint bookrunners on the deal.



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



This article appears in: News Headlines , IPOs

Referenced Stocks: EVDY

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

65,878,391
  • $102.25 ▲ 0.12%
60,267,006
  • $16.01 ▼ 1.17%
45,656,511
  • $13.11 ▼ 4.17%
34,766,553
  • $49.43 ▲ 2.85%
34,661,727
  • $3.60 ▲ 0.28%
29,041,259
  • $19.12 ▼ 0.47%
21,343,464
  • $73.855 ▼ 1.04%
19,552,720
  • $10.85 ▼ 3.13%
As of 8/28/2014, 04:03 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com