Teladoc, Inc. $348.9 Million Common Stock Offering
Davis Polk advised the underwriter in connection with a $348.9 million SEC-registered offering of 5,263,740 shares of common stock of Teladoc, Inc., consisting of 5,000,000 shares sold by Teladoc and 263,740 shares sold by the selling shareholders.
Founded in 2002, Teladoc is the nation’s first and largest telehealth program, allowing its over 20 million members to speak to a licensed doctor by web, phone or mobile app in under 10 minutes. Teladoc is listed on the New York Stock Exchange under the symbol “TDOC.”
The Davis Polk corporate team included partner John B. Meade, associates Marisa T. Kirio and Grecia Barboza and summer law clerk Zoe Chen. Partner Lucy W. Farr provided tax advice. European counsel John Taylor provided European regulatory advice. Members of the Davis Polk team are based in the New York and London offices.