Press Release

HealthEquity – $90 Million Follow-On

November 4, 2016

San Diego – November 4, 2016 – Cooley advised the underwriters on HealthEquity’s $89.6 million follow-on offering. The underwriters have a 30-day option to purchase up to 375,000 additional shares of common stock from the selling stockholders.

HealthEquity, which trades on The NASDAQ Global Select Market under the symbol "HQY," is a leader and an innovator in the high growth category of technology-enabled services platforms that empower consumers to make healthcare saving and spending decisions.

Jefferies and Raymond James acted as joint book-running managers for the offering.

Cooley advised the underwriters on HealthEquity’s 2014 IPO and subsequent follow-on offerings in May 2015 and September 2015.

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