Deal Details
Initial Public Offering
Summary
Baird served as a co- manager on this offering.
About
HealthEquity, Inc. (“HealthEquity” or the “Company”) (NASDAQ: HQY) recently completed an initial public offering of 10,465,000 shares of common stock at a price of $14.00 per share, generating gross proceeds of approximately $146.5 million. The Company intends to use the net proceeds from the offering to pay previously declared cash dividends and for general corporate purposes.Founded in 2002, HealthEquity is one of the nation’s oldest and largest dedicated health savings custodians. HealthEquity’s technology platform and tax-advantaged accounts help members build health savings, while controlling healthcare costs. HealthEquity services more than 1.0 million healthcare accounts for 57 health plan partners and employees at over 25,000 companies across the United States. HealthEquity is headquartered in Draper, Utah.
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- Date
- July 2014
- Company
- HealthEquity, Inc.
- Transaction
- M&A
- Sectors
- Healthcare
- Target Geography
- North America
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