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Castlight Health Announces Pricing of Initial Public Offering

SAN FRANCISCO March 14, 2014 – Castlight Health, Inc., a leading provider of enterprise healthcare cloud software, announced the pricing of its initial public offering of 11,100,000 shares of its Class B common stock at a price to the public of $16.00 per share. In addition, Castlight Health has granted the underwriters a 30-day option to purchase up to 1,665,000 additional shares of Class B common stock from Castlight Health at the initial public offering price.  The shares are expected to begin trading on the New York Stock Exchange on March 14, 2014 under the symbol “CSLT.”

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. Allen & Company LLC, Stifel, Nicolaus & Company, Incorporated, Canaccord Genuity Inc. and Raymond James & Associates, Inc. are acting as co-managers.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on March 13, 2014. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering will be made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained, when available, from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282; or from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

Source: Castlight Health

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Media Contact:
Lorie Fiber
lfiber@castlighthealth.com
646-318-0575

Investor Contact:
Kristin Baker Spohn
kspohn@castlighthealth.com
510-390-6770