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HealthEquity Announces Commencement of Proposed Secondary Offering of Common Stock

DRAPER, Utah, Oct. 19, 2016 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) announced today the commencement of an underwritten secondary offering of shares of its common stock. Certain of HealthEquity's stockholders are offering 2,500,000 shares of the company's common stock for sale. Additionally, the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 375,000 shares of the company's common stock. HealthEquity will not receive any proceeds from the sale of the shares offered by the selling stockholders.

Jefferies LLC and Raymond James & Associates, Inc. are acting as joint book-running managers for the offering.

The shares are being offered pursuant to an effective shelf registration...


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