Utah tech company Health Catalyst goes public (KSL)
By Liesl Nielsen | July 25, 2019
SALT LAKE CITY — Utah health-tech leader Health Catalyst jumped into the public markets Thursday and its freshly minted stock climbed over 50 percent by the end of regular trading.
The company raised $182 million via the sale of 7 million shares at pre-market pricing of $26 per share. The successful launch comes just six months after a $100 million funding round in February that pushed the company’s valuation above the vaunted $1 billion, or “unicorn” benchmark.
After a day that saw an outstanding first day price rally, and the opportunity to ring the closing bell at the NASDAQ exchange in New York City, Health Catalyst CEO Dan Burton said the new capital will help fuel continued… Click to view full article