Cooley LLP announced today that it advised the underwriters on Castlight Health, Inc.’s $204.1 million initial public offering. Castlight Health enables employers, their employeesand health plans to take control of health care costs and improve care. The company’s stock now trades on the New York Stock Exchange under the symbol “CSLT.”
Underwriters of the offering included Goldman, Sachs & Co., Morgan Stanley & Co. LLC, Allen & Company LLC, Stifel, Nicolaus & Company, Incorporated, Canaccord Genuity Inc. and Raymond James & Associates, Inc.
The Cooley team advising the underwriters included partners Eric Jensen, Drew Williamson and Charlie Kim, as well as associates Jonie Kondracki, Veer Bhavnagri, Robert E. Jones, Adam Miller-Howard and Alexis Weiss. Critical support for the offering was provided by partner Drew Gantt and associate David Sclar (health care regulatory); partner Renee Deming and associate Sarah Dale (compensation and benefits); partner Susan Cooper Philpot (tax) and special counsel Chuck Schwab and associate Bryan Berman (technology transactions).
In 2013, Cooley’s capital markets practice had a record year, advising on 60 public offerings, including 23 IPOs that raised more than $8.4 billion. Year-to-date in 2014, Cooley has advised on 34 completed public offerings, including 16 completed IPOs.
