PURCHASE, N.Y.--(BUSINESS WIRE)--
Teladoc Inc. (NYSE: TDOC), the first and largest telehealth platform in
the United States, announced today the closing of its previously
announced initial public offering of 8,250,000 shares of its common
stock at a public offering price of $19.00 per share. In connection with
the initial public offering, the underwriters exercised in full their
option to purchase an additional 1,237,500 shares of common stock. As
a result, the total initial public offering size was 9,487,500. The
shares began trading on the New York Stock Exchange on July 1, 2015
under the symbol “TDOC.”
J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. acted as
joint book-running managers for the offering. William Blair & Company,
L.L.C., Wells Fargo Securities, LLC and SunTrust Robinson Humphrey, Inc.
acted as co-managers for the offering.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on June 30, 2015. A
copy of the final prospectus related to the offering may be obtained
from J.P. Morgan Securities LLC, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: (866)
803-9204; or Deutsche Bank Securities Inc., Attn: Prospectus Department,
60 Wall Street, New York, New York 10005, telephone: 800-503-4611 or
email: prospectus.cpdg@db.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
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Source: Teladoc Inc.