Cleveland Clinic-backed healthcare services analytics provider Castlight Health has closed a $204.24m initial public offering
Castlight Health, a California-based healthcare software developer which counts academic medical centre Cleveland Clinic among its investors, has raised $177.6m from its initial public offering.
Castlight initially sold 11.1 million shares priced at $16.00 each, and after the underwriters took up an option to buy an additional 1.66 million shares the overall proceeds were boosted to $204.24m.
Cleveland Clinic invested in Castlight’s $60 million series C round in 2010, but is not one of the company’s major shareholders. Castlight subsequently…
