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Accolade Prices IPO Of 10.02 Mln Shares At $22/Shr, Above The Expected Range

Accolade, Inc. announced pricing of initial public offering of 10.02 million common shares at $22.00 per share, above the estimated range. The company expects offering to close on July 7, 2020.

The company has originally filed to sell 8.75 million shares at a range of $19 to $21 share.

Accolade shares expects to begin trading on The Nasdaq Global Select Market under the ticker symbol "ACCD" on July 2, 2020.

In addition, Accolade has granted the underwriters a 30-day option to purchase up to 1.50 million additional shares of common stock at the initial public offering price less the underwriting discount and commissions.

Goldman Sachs & Co. LLC, Morgan Stanley, and BofA Securities are acting as joint book-running managers for the offering. Piper Sandler, Credit Suisse, and William Blair are acting as book-running managers. Baird and SVB Leerink are acting as co-managers.

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