October 20, 2016

Willkie client HealthEquity, Inc. offers 2,500,000 shares of common stock, which will result in net proceeds of $89,625,000.

On October 20, Willkie client HealthEquity, Inc., one of the nation's largest health savings custodians, announced the pricing of a secondary offering of 2,500,000 shares of common stock at a price to the public of $35.85 per share.  The underwriters have been granted a 30-day option to purchase up to an additional 375,000 shares.  The offering is expected to close on October 25, 2016 and will result in net proceeds of $89,625,000, excluding the option to purchase additional shares.

The firm also represented HealthEquity in its initial public offering, which closed on August 5, 2014 and resulted in net proceeds of approximately $133.4 million, as well as subsequent offerings.

Founded in 2002, HealthEquity is one of the nation’s oldest and largest dedicated health savings custodians, which services more than 1.6 million health savings accounts for over 33,000 companies across the United States.

The current deal was handled by partners Gordon Caplan and Jeffrey Hochman and associate Matthew Haddad.