Castlight IPO Has Strong Interest Despite Big Losses

By | March 13, 2014

Scalper1 News

The IPO of Castlight Health — shares are set to begin trading Friday — has drawn strong interest from institutional investors. Castlight Health has built a cloud-based software platform with a mission to “dramatically improve the efficiency of the health care industry,” the San Francisco-based company said in its S-1 IPO prospectus filing. Castlight says it’s “a pioneer in a new category of cloud-based software that enables enterprises to gain Scalper1 News

Scalper1 News