August 4, 2014
HealthEquity, Inc., one of the largest U.S. Health Savings Account non-bank custodians, announced the pricing of its initial public offering of 9,100,000 shares of common stock at a price of $14.00 per share.
On July 30, HealthEquity, Inc., one of the largest U.S. Health Savings Account non-bank custodians, announced the pricing of its initial public offering of 9,100,000 shares of common stock at a price of $14.00 per share. The estimated initial public offering price was between $10.00 and $12.00 per share. The shares began trading on the NASDAQ Global Select Market on July 31, 2014 under the symbol “HQY.” The transaction is expected to close on August 5.
Founded in 2002, HealthEquity is one of the nation’s oldest and largest dedicated health savings custodians. The company's innovative technology platform and tax-advantaged accounts help members build health savings, while controlling health care costs. HealthEquity services more than 1 million healthcare accounts for 57 health plan partners and employees at 25,000+ companies across the United States.
The Willkie deal team was led by partner Gordon Caplan and included partners Jeffrey Hochman, Morgan Elwyn, Michael Katz and Christopher Peters; of counsel Christopher Petito and associates Matthew Haddad, Veronica Ng, Rose Ohanesian and Chris Edwab.
