Evolent Health stock falls as it proposes yet another public offering

Shares for Arlington-based health consultancy Evolent Health Inc. plummeted Tuesday after the company announced it is looking to raise $175 million through a proposed public offering — the fourth such offering this year. Evolent officials also said they plan to grant underwriters a 30-day option to purchase an additional $26.25 million of its Class A common stock in connection with the proposed public offering. J.P. Morgan Securities LLC and Goldman Sachs& Co. LLC are acting as joint book-running …
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news