Cue Health (HLTH) Ramps 30% Following Modest IPO Open

Today's IPO for Cue Health Inc. (Nasdaq: HLTH) opened for trading earlier at $16.76 after pricing 12,500,000 shares of its common stock at a public offering price of $16.00 per share. Shares have since moved higher to $20.80, or up 30%.

Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, and Cowen and Company, LLC are acting as lead bookrunners for the offering. BTIG, LLC is acting as lead manager for the offering.

Cue Health is a health technology company that puts consumers in control of their health information and places diagnostic information at the center of care. Cue Health enables people to manage their health through real-time, actionable and connected health data. Cue Health offers individuals, enterprises, government agencies and healthcare providers access to lab-quality diagnostic testing at home, at work, or at the point-of-care, all in a device that fits in the palm of your hand. Cue Health was founded in 2010 and is headquartered in San Diego.

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