Cotiviti Holdings (COTV) IPO Opens Flat

Today's IPO for Cotiviti Holdings (NASDAQ: COTV) opened for trading at $19 after pricing 12,500,000 shares of common stock at a price of $19 per share, the high end of the expected $17-$19 range.

Goldman, Sachs & Co. and J.P. Morgan are serving as joint lead book-running managers and as representatives of the underwriters for the proposed offering. Barclays, Citigroup,Credit Suisse, Morgan Stanley, RBC Capital Markets, SunTrust Robinson Humphrey, Baird and William Blair are acting as joint book-running managers for the proposed offering.

Cotiviti is a leading payment accuracy provider that helps healthcare payers and retailers achieve their business objectives by unlocking value from the incongruities the company discovers in the complex interactions customers have with stakeholders. Cotiviti helps clients capture over $3 billion annually through improved payment accuracy. Cotiviti provides services to eight of the top ten U.S. healthcare payers and eight of the top ten U.S. retailers.

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