On September 23, 2021, Cue Health (Nasdaq: HLTH), a health technology company, announced the pricing of its initial public offering of 12,500,000 shares of its common stock at a public offering price of $16.00 per share, for gross proceeds of $200.00 million, before deducting underwriting discounts and commissions and other offering expenses payable by Cue Health.
Cue Health’s common stock began trading on the Nasdaq Global Select Market on September 24, 2021 and the offering is expected to close on September 28, 2021, subject to the satisfaction of customary closing conditions. In addition, Cue Health has granted the underwriters a 30-day option to purchase up to 1,875,000 additional shares of common stock at the initial public offering price, less the underwriting discounts and commissions.
The WilmerHale team advising Cue Health is led by Todd Rumberger and Glenn Pollner and includes Molly Fox, Craig Hilts, Dimitry Lensky, Andrea Sorrentino, Jahnvi Desai, Amanda Navarro and Benn Waters, with assistance from Fred Adam, Ciara Baker, Kimberly Wethly, Rebecca Chang, Benjamin Kelsey, Gavin Tullis and Heidi Treiber.