VC-backed Tabula Rasa prices IPO, stock jumps in trading
September 30, 2016
Healthcare Technology Systems | Moorestown, NJ | IPO
Stock in Tabula Rasa Healthcare (NASDAQ: THRC) jumped 24% in its first day of trading, finishing Thursday at $14.88 per share after the company priced its IPO at $12. That IPO price was a decrease from the company's initially announced range of $13 to $15. Tabula Rasa is a provider of patient-specific, data-driven technology designed to help healthcare organizations optimize medication, improve care, reduce hospitalizations, lower healthcare costs and manage risk. The company's backers include Originate Ventures (24.9% pre-IPO stake) and Radius Ventures (16%).