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Life Health > Health Insurance

EHealth Goes Public

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Shares of a Web health insurance broker now trade on the Nasdaq Global Market under the symbol EHTH.

EHealth Inc., Mountain View, Calif., the company that runs the Web site, today sold 5 million shares of common stock to the public at a price of $14 per share.

The underwriters have a 30-day option to buy another 750,000 shares.

The total value of the initial public offering could be about $80.5 million.

Morgan Stanley & Company Inc., New York, and Merrill Lynch & Company, New York, are managing the offering.


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