Accolade (ACCD) IPO Opens 59% Higher

Today's IPO for Accolade, Inc. (NASDAQ: ACCD) opened for trading at $35 after pricing 10,022,726 shares of its common stock at a price to the public of $22. per share.

In addition, Accolade has granted the underwriters a 30-day option to purchase up to 1,503,408 additional shares of common stock at the initial public offering price less the underwriting discount and commissions.

Goldman Sachs & Co. LLC, Morgan Stanley, and BofA Securities are acting as joint book-running managers for the offering. Piper Sandler, Credit Suisse, and William Blair are acting as book-running managers. Baird and SVB Leerink are acting as co-managers.

Accolade, Inc. provides personalized, technology-enabled solutions that help people better understand, navigate, and utilize the healthcare system and their workplace benefits

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