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

By Renaissance Capital,

Shutterstock photo

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 Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: HIIQ

More from Renaissance Capital


Renaissance Capital

Renaissance Capital

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by