Tabula Rasa HealthCare (TRHC) IPO Opens, Trades Higher

September 29, 2016 10:51 AM EDT

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Today's IPO for Tabula Rasa HealthCare, Inc. (NASDAQ: TRHC) opened for trading moments ago at $14.70 after pricing its initial public offering of 4,300,000 shares of its common stock, at a price of $12.00 per share. Shares last traded at $15.17.

Wells Fargo Securities and UBS Investment Bank are acting as joint-book running managers for the offering. Piper Jaffray is also acting as a book-runner, with Baird and Stifel acting as co-managers for the offering.

Tabula Rasa HealthCare (TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations, lower healthcare costs and manage risk. Medication risk management is TRHC’s lead offering, and its cloud-based software applications provide solutions for a range of payors, providers and other healthcare organizations.

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Piper Jaffray, Stifel, UBS, Robert W Baird, Wells Fargo, IPO

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