Castlight Health, the makers of an online application that allows employers to provide employees with tools for shopping for health benefits, has filed paperwork for an initial public offering, according to a CNN report.
The paperwork was filed confidentially with the U.S. Securities and Exchange Commission, according to the report. The company is expected to seek a valuation of $2 billion or more.
Castlight Health was founded by Todd Park, the co-founder of athenahealth and the current U.S. chief technology officer. The company has raised over $160 million in two rounds of venture capital funding, according to the report.
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