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Everyday Health prices IPO at $14, the midpoint of the range

By: Renaissance Capital
Posted: 3/28/2014 7:34:00 AM
Referenced Stocks: EVDY

Everyday Health, which provides online health-related content to consumers and professionals through a portfolio of websites, raised $100 million by offering 7.2 million shares (25% insider) at $14, the midpoint of the $13-$15 range. At its offer price, Everyday Health commands a $454 million market cap and a $441 million enterprise value. Everyday Health will list on the NYSE under the symbol EVDY. J.P Morgan, Credit Suisse and Citi acted as joint bookrunners on the deal.