Everyday Health raises $100 million in IPO
Everyday Health has raised over $100 million in its initial public offering. Everyday Health is a wellness media company that offered almost 7.2 million shares at $14. The underwriters will have a 30-day option to buy an additional 1.1 million shares, which pushes the offering above $115 million.
“The IPO is an opportunity to raise some capital so we can continue to invest,” stated Ben Wolin in an interview with Re/Code. ”There are a lot of changing opportunities in the healthcare landscape and we’re going to focus on that.”
Everyday Health runs several wellness properties, including South Beach Diet, Drugstore.com, MayoClinic.org, and My Calorie Counter.