Omada health prices IPO at 19 USD per share, in the middle of the expected area

Omada Health rated his IPO on Thursday with the middle of the expected area for $ 19 per share.

The Virtual Chronic Care Company said in a press release that 7.9 million shares of $ 150 million are sold on offer.

Omada, which was founded in 2012, will act against Nasdaq under the ticker symbol “Omda”. The company submitted its first brochure in May and updated the document with an expected price range of 18 to 20 US dollars per share.

At the IPO price, Omada has a value of around 1.1 billion US dollars, although this number could be higher on a fully diluted basis. This is exactly his private market evaluation from 2022, when Omada announced a round of financing of 192 million US dollars, which increased its rating over $ 1 billion.

Us Venture Partners, Andreessen Horowitz and Fidelitys FMR LLC are the largest external shareholders of the company, each of which has between 9% and 10% of shares.

Omada offers virtual care programs to support patients with chronic diseases such as prediabetes, diabetes and high blood pressure. Sean Duffy, CEO of Omada, was a co -founder of the company with Andrew Dimichele and Adrian James, both of whom have passed to other activities.

It is the second IPO for digital health in a few weeks after an extensive drought for the industry. Startup health for digital physiotherapy in May on the New York Stock Exchange.

The Tech -Po market showed signs of life, with the hinge being one of the latest offers. On Thursday shares of the crypto company Circle Internet 168% rose in their debut of the New York Stock Exchange. The FinTech company Etoro started trading last month, and Chime Financial, which offers online banking services, will be launched next week.

According to the prospectus, Omada’s turnover rose by 57% in the first quarter to $ 55 million compared to $ 35.1 million in the previous year. For 2024, sales of $ 122.8 million increased by 38% to $ 169.8 million in the previous year.

The company’s lust for the net decreased in the first quarter to 9.4 million US dollars compared to $ 19 million a previous year.

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