Benefitfocus goes public

Benefitfocus filed its much anticipated IPO on September 18, 2013. Shares rose 80 percent on its first day of trading and it is expected to raise significantly more than the $75 million it had initially targeted. While Benefitfocus has increased revenues and customers year over year, it has not done so profitably. With this additional liquidity, Benefitfocus gets the breathing room to fund its growth while it continues to capitalize on market uncertainty around the future of health benefits.