Data Analytics Firm Inovalon Raises IPO Price Terms
Inovalon (INOV) raised the estimated price range of its initial public offering, suggesting strong demand for the health care data analytics company. Inovalon now plans to sell 22.2 million shares at 24 to 26 a share, up from 21 to 24, and raise about $578 million. IPO research firm IPO Boutique said its channel checks indicate the demand for shares among investors in the IPO is “extremely oversubscribed.” Based in Bowie, Md., Inovalon provides a