Connecture files for IPO

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Brookfield-based Connecture Inc. has filed with the Securities and Exchange Commission for a proposed initial public offering of its common stock.

The company, which develops web-based information systems used to create health insurance marketplaces, has not yet determined the number of shares to be offered or the price range for the offering, which may include stockholder shares.

Connecture previously confidentially filed for an IPO under the Jumpstart Our Business Startups Act of 2012.

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According to Connecture, the use of private exchanges is expected to increase dramatically as the online distribution of health insurance and other benefits increase.

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