March 14 Shares of Castlight Health Inc
, a healthcare information provider, more than doubled
in their market debut on Friday, valuing the company at about
The San Francisco-based company raised about $178 million
after its initial public offering was priced at $16 per Class B
share, slightly above the expected pricing range of $13-$15. The
company sold all the 11.1 million shares in the offering.
Castlight Health's shares opened at $37.50 and touched a
high of $39.57 on the New York Stock Exchange.
Goldman Sachs & Co and Morgan Stanley & Co were lead
underwriters for the offering.
(Reporting By Neha Dimri in Bangalore; Editing by Savio