Online health insurance co., eHealth, goes public

Online health insurance company eHealth raised $70 million in an initial public offering.

The 5 million share offering, which represents about a 24 percent stake in the company, priced at $14 per share compared with a $10 to $12 forecast.

The Mountain View company will trade on the Nasdaq under ticker symbol EHTH.

The company had raised around $86 million in backing from venture firms including Sprout Group, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, QuestMark Partners and Lake Street Partners.

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