Analytics startup Health Catalyst raises IPO to $172M

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Health Catalyst, a Salt Lake City-based provider of data analytics services to healthcare organizations, raised the proposed size of its initial public offering on July 23, Renaissance Capital reports.

The company is now reportedly planning to offer 7 million shares at a price range of $24 to $25, up from the original planned offering of 6 million shares at $20 to $23. As such, the total amount raised could increase from approximately $129 million to $172 million.

The company will be traded on the Nasdaq stock market under the symbol HCAT. It is expected to go public on July 25.

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