Castlight Health Inc.‘s initial public offering is a giant win for Venrock and other venture capitalists who pumped $181 million into the San Francisco health enterprise-software company.
Venrock owned 20.6% of Castlight before the offering and 18% after, according to a regulatory filing. Based on Castlight’s market capitalization of $3.45 billion, Venrock’s stake now figures to be worth about $620 million.
Image: Castlight Health Co-Founder and CEO Dr. Giovanni Colella watches as his company’s stock is priced during its IPO, on the floor of the New York Stock Exchange Friday. Associated Press
