By a News Reporter-Staff News Editor at Investment Weekly News -- HealthEquity, Inc. (Nasdaq: HQY), one of the largest U.S. Health Savings Account non-bank custodians, announced that the underwriters of its previously announced initial public offering of 9,100,000 shares of common stock exercised in full their over-allotment option to purchase an additional 1,365,000 shares of common stock from HealthEquity at the initial public offering price of $14.00 per share, less customary underwriting discounts and commissions. HealthEquity's shares began trading on The NASDAQ Global Select Market on July 31, 2014 under the ticker symbol "HQY."
The offering of an aggregate of 10,465,000 shares is expected to close on August 5, 2014, subject to customary closing conditions.
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering. Raymond James & Associates, Inc., Robert W. Baird & Co. Incorporated and SunTrust Robinson Humphrey, Inc. are acting as co-managers.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on July 30, 2014. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (866) 803-9204; or Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, or by email at firstname.lastname@example.org, or by telephone at (800) 326-5897.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About HealthEquity 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 1.0 million healthcare accounts for 57 health plan partners and employees at 25,000+ companies across the United States.
Keywords for this news article include: HealthEquity Inc, Banking and Finance.
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