Teladoc announces closing of Initial Public Offering
Purchase, NY (July 7, 2015) /BusinessWire/ — Teladoc Inc. (NYSE: TDOC), the first and largest telehealth platform in the United States, announced today the closing of its previously announced initial public offering of 8,250,000 shares of its common stock at a public offering price of $19.00 per share. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 1,237,500 shares of common stock. As a result, the total initial public offering size was 9,487,500. The shares began trading on the New York Stock Exchange on July 1, 2015 under the symbol "TDOC."
J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. acted as joint book-running managers for the offering. William Blair & Company, L.L.C., Wells Fargo Securities, LLC and SunTrust Robinson Humphrey, Inc. acted as co-managers for the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on June 30, 2015. A copy of the final prospectus related to the offering may be obtained from J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: (866) 803-9204; or Deutsche Bank Securities Inc., Attn: Prospectus Department, 60 Wall Street, New York, New York 10005, telephone: 800-503-4611 or email: email@example.com .
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.