Mountain View, Calif. • (650) 584-2700 • www.ehealthinsurance.com
Exchange and Ticker: Nasdaq: EHTH
Filing Range: 5M shares @ $10 to $20
Offering Price: $14
Close on First Day: $22.90
Offering Size: $70M
Shares Outstanding: 21.7M
Underwriters: Morgan Stanley/Merrill Lynch & Co. Inc.
Co-managers: Thomas Weisel Partners/JMP Securities
Company Counsel: Gunderson Dettmer Stough Villeneuve Franklin & Hachi
Manager Counsel: Wilson Sonsini Goodrich & Rosati
Auditor: Ernst & Young
Market Capitalization on 10/31/06: $487.1M
Close price at current month end: $22.40
The company provides online health insurance options, quotes and policies. The company enables their customers to buy health insurance online by offering a broadsheet selection of health plans, through licensed agents, and guaranteeing the best price. The company also provides Internet self-service and 24-hour availability to clients. Competition includes the traditional local insurance agents, health insurance carriers “direct-to-member” sales, online agents and national insurance brokers.
Kleiner Perkins Caufield & Byers, Sprout Group, Dell Ventures, Opus Capital, Goldman Sachs & Co., QuestMark Partners and Lightspeed Venture Partners.
Source: Thomson Financial