Pop Goes the IPO
Gone are the days of IPO mania and stock run ups. I had the pleasure to be part of several client IPOs in the Bubble hey days. So a 78% rise in the opening day of eHealth’s IPO was nice to see. The stock was priced at $14, above its pricing range of $10-$12, and opened at $25 (up 78%) and closed at $22.90 (up 64%). eHealth provides a portal to compare and sell health insurance. At a projected $65 million in revenue for ’06, valuation is 68 times earnings. Pretty expensive premium. We’ll check in again in six months. From my perspective working with emerging growth tech and healthcare companies, I hear many hopeful plans for ’07 IPOs so look for more such action next year.
Tags: eHealth, Healthcare+PR, IPO+PR, Managed+Care, Online+PR
Posted by Shawn Whalen on October 13, 2006 at 4:25 PM
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