Castlight Health IPO Pops After Pricing Above Range
Castlight Health (CSLT) vaulted more than 150%, near 40, in early trading on the stock market today after pricing its IPO above its expected range late Thursday, as investors bet on a nascent IT company that promises to help people navigate the increasingly complex health care market. Castlight priced its 11.1 million shares at 16, above its expected range of 13 to 15, which it had just raised on Tuesday from a 9-to-11 range. Such sequential