Castlight Health Inc., a vendor of software to help large employers manage health care costs, went public on March 14 with an opening price of $16 per share that quickly rose more than 150 percent to above $40.
The company initially priced shares at $9-$11, increased it to $13-$15, then raised again to $16 before shares began trading, giving the IPO a value of about $178 million. At 2:00 Eastern Time, the stock was trading at about $38.
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