HealthEquity Announces $100M IPO

HealthEquity, developers of a mobile platform to help consumers manage their health savings accounts, has announced plans for a $100 million initial public offering.

The company will offer 9.1 million shares for between $10 and $12 each. At an $11 sale price, HealthEquity would have a fully diluted market value of $625 million, according to a NASDAQ report.

HealthEquity has an 8 percent share of the health savings account custodial market, making it one of five largest market players, according to the report.

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