Shares of Castlight Health Inc. surged in their trading debut, after the health-plan software maker’s initial public offering raised more money than expected.
“It’s a real solution to a huge intractable problem that has defeated the best efforts of the self-anointed geniuses in Washington,” said Rett Wallace, co-founder of Triton Research LLC, which analyzes private tech, media and communications companies, before the IPO.
