BROOKFIELD — The first day of trading of stock for
Brookfield-based Connecture went well with the price increasing
10 percent by the closing of Friday’s market.
Earlier Friday, Connecture announced the pricing
of its initial public offering of 6,635,000 shares of its common
stock at $8 per share. It closed at $8.80 under the ticker
symbol “CNXR,” according to its website.
According to the announcement Friday, certain
selling stockholders have granted the underwriters a 30-day
option to purchase from them up to an additional 995,250 shares
of common stock at the initial public offering price, less the
underwriting discount, to cover over-allotments.
Connecture is a web-based consumer shopping,
enrollment and retention platform for health insurance