Teladoc, which provides on-demand medical consultation via mobile, internet video or telephone, raised $157 million on Tuesday by offering 8.3 million shares (100% primary) at $19, well above the $15-$17 range. The company had initially filed to offer 7.0 million shares. At its offer price, Teladoc now commands a fully diluted market cap of $758 million and an enterprise value of $620 million. The company will list on the NYSE under the symbol "TDOC". J.P. Morgan and Deutsche Bank acted as the lead bookrunners on the deal.
