Health Catalyst announced Wednesday it had begun the process to launch an initial public stock offering by submitting its...: SALT LAKE CITY — Hot on the heels of a $100 million funding round in February that pushed the company's valuation above the vaunted $1 billion, or "unicorn" benchmark, Utah health care analytics developer Health Catalyst is ready to jump into the public investment world. Health Catalyst announced this week it had begun the process to launch an initial public stock offering by submitting its draft registration statement, Form S-1, with the U.S. Securities and Exchange Commission.