Local Web Health Insurance Company Is A Wallstreet Hit

The Associated Press

Shares of Health Insurance Innovations are rising on their first trading day after an initial public offering raised more than $65 million for the Web-based coverage provider.

The stock is up 21 cents to $14.21 in midmorning trading while the broader markets are also rising.

The Tampa, Fla., company had priced 4.7 million shares at $14 each, or the low end of its expected range of $14 to $16. Banks managing the IPO can buy another 700,000 shares if there’s demand for the stock, which would add to the deal’s proceeds.

Health Insurance Innovations Inc. sells individual, 12-month short-term medical coverage and dental and vision plans. It works with carriers like ING and Cigna Corp.

The stock trades under the “HIIQ” ticker symbol on the Nasdaq Global Market.

Copyright 2013 The Associated Press.



blog comments powered by Disqus
Vietnam Veterans' Bond Forged Again With Kidney DonationServing together in Vietnam, John Middaugh and Henry "Bill" Warner forged an Army-brothers bond they knew was profound and lasting. A world and nearly a half a century away from the war zone where they'd counted on each other, Middaugh put himself on the line for Warner this month in a new way: by giving one of his kidneys.
Dr. Paul Bearer II Tombstone Tales | Halloween EditionOn Sunday, October 25th, Dr. Paul Bearer II returned to the Tenement Castle for an afternoon of HORRORble movies.
%d bloggers like this:

Listen Live