Health Insurance Innovations prices IPO at $14, at low end of the range

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Health Insurance Innovations, which offers web-based short-term medical insurance for uninsured and underinsured, raised $65 million by offering 4.7 million shares at $14, at the low end of the range of $14 to $16.At the $14 offer price the company holds a fully diluted market value of $187 million and an enterprise value of $126 million. Health Insurance Innovations will list on the NASDAQ under the symbol HIIQ. Credit Suisse, Citi and BofA Merrill Lynch acted as lead managers 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

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