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