Everyday Health Files for $100 Million IPO

NEW YORK (Reuters) – Consumer health website company Everyday Health Inc filed on Friday for an initial public offering up to $100 million.

The New York-based company runs 25 websites on topics ranging from caregiving to fitness. It said it plans to use proceeds from the offering for general purposes including financing the development of new content and advertising-based services, fund capital expenditures and losses, to repay credit, and for acquisitions.

Shareholders include WF Holding Company and funds affiliated with Rho Ventures.

Everyday Health reported revenue of $22.5 million in the three months ended Sept. 30, up from $16.4 million in the year-ago period. It reported a net loss of $2.2 million compared with a net loss of $1.8 million a year ago.

Everyday Health plans to list on the Nasdaq under the symbol “EVDY.” The underwriters are led by Goldman Sachs & Co and JP Morgan.

(Reporting by Clare Baldwin, editing by Matthew Lewis)