Change Healthcare Inc.

Change Healthcare Inc. (CHNG) priced its initial public offering on Jun 28, 2019 at $13.00 per share, raising $557.1M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.54B. Barclays was lead-left underwriter, joined by Goldman Sachs, J.P. Morgan and Citigroup and others. Simpson Thacher and Ropes & Gray advised the company and Simpson Thacher and Ropes & Gray advised the underwriters.

Change Healthcare Inc. is an independent healthcare technology platform offering software, analytics, technology-enabled services and network solutions to payers and providers in the U.S. healthcare system. Its solutions support clinical decision making, billing, collection and payment processes, and patient engagement.

Status

IPO

Ticker

CHNG

Exchange

Nasdaq Global Select

Priced

Jun 28, 2019

IPO price

$13.00

Raised

$557.1M

Market cap at IPO price

$1.54B

First filed

Mar 15, 2019

Underwriters

Barclays, Goldman Sachs, J.P. Morgan, Citigroup, Credit Suisse, Deutsche Bank, Morgan Stanley, RBC Capital Markets, Blackstone, Baird, Cantor and TD Cowen

Company counsel

Simpson Thacher and Ropes & Gray

Underwriters' counsel

Simpson Thacher and Ropes & Gray

Sector

Technology

Country / state

TN

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.