Connecture (CNXR) IPO Prices at $8, Below Expected Range

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Connecture (CNXR) IPO Opens Higher after Weak Pricing

December 12, 2014 11:26 AM EST

Today's IPO for Connecture Inc. (NASDAQ: CNXR) opened for trading at $9.25 after pricing 6,635,000 shares of its common stock at a public offering price of $8 per share, below the expected $12-$14 range.

In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase from them up to... More