Friday, October 13, 2006

eHealth Prices IPO

Mountain View-based eHealth priced its IPO late last night, saying that it is offering 5,000,000 shares of its common stock at a price of $14.00 per share. The company is expected to debut on the Nasdaq today under the symbol "EHTH". eHealth is an online provider of health insurance. The firm is backed by Lightspeed Venture Partners, Sprout Group, Kleiner Perkins, and others. The IPO is being underwritten by Morgan Stanley & Co., Merrill Lynch & Co., Thomas Weisel Partners, and JMP Securities.