Connecture stock value increases 10% during first day of trading

Special to The Freeman

Dec. 14, 2014

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 distribution.