PURCHASE, N.Y.--(BUSINESS WIRE)--
Teladoc, Inc., the first and largest telehealth platform in the United
States, has priced and upsized its initial public offering from
7,000,000 to 8,250,000 shares of its common stock at a price to the
public of $19.00 per share.
All of the shares are being offered by Teladoc. The underwriters for the
offering also have a 30-day option to purchase up to an additional
1,237,500 shares of Teladoc common stock. The shares of common stock are
expected to begin 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. are acting
as joint book-running managers for the offering. William Blair &
Company, L.L.C., Wells Fargo Securities, LLC and SunTrust Robinson
Humphrey, Inc. are acting as co-managers for the offering.
A registration statement relating to these securities has been filed
with and declared effective on June 30, 2015 by the Securities and
Exchange Commission. This offering is being made only by means of a
prospectus. A copy of the final prospectus related to the offering may
be obtained, when available, 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 any offer to buy these securities, 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 of these securities under the securities laws of any such
state or jurisdiction.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150630006593/en/
Source: Teladoc, Inc.