HealthEquity Files For IPO

Draper, Utah-based HealthEquity which develops technology-enabled service to help manage Health Savings Accounts (HSAs) for employers, has filed for an IPO, saying this morning that it is looking to raise up to $100M. The company said it has applied to list on the NASDAQ Global Select Market as HQY. The IPO is being underwritten by J.P. Morgan, Wells Fargo Securities, Raymond James, Baird, and SunTrust Robinson Humphrey. HealthEquity is backed by Berkley Capital Investors, Financial Partners Fund I, and Neeleman Holdings.