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Fenwick Represents Castlight Health in $204M Initial Public Offering

March 19, 2014

Fenwick & West represented Castlight Health, Inc. (NYSE: CSLT), a leading provider of enterprise healthcare cloud software, in its $204 million initial public offering. The company priced 12,765,000 shares of its Class B common stock at a price to the public of $16.00 per share, which included 1,665,000 shares issued upon the exercise in full of the underwriters’ option to purchase additional shares.

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

The Fenwick transaction team included corporate attorneys Gordon Davidson, Matthew Rossiter, Robert Freedman, Niki Fang, Jane Shen and Seth Popick; and executive compensation and employee benefits attorneys Shawn Lampron and Adriana Sherwood.