eHealth (EHTH) Prices 1.8M Share Follow-On Offering at $115/Sh
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eHealth, Inc. (NASDAQ: EHTH), which owns eHealth.com, a leading private online health insurance exchange, today announced the pricing of its follow-on public offering of 1,800,000 shares of its common stock at a price to the public of $115.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to 270,000 additional shares of its common stock. eHealth intends to use the net proceeds of the offering for general corporate purposes, including working capital.
RBC Capital Markets, Credit Suisse and Deutsche Bank Securities are acting as joint book-running managers for the offering. Craig-Hallum Capital Group, Raymond James and SunTrust Robinson Humphrey are acting as co-managers for the offering.
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