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Omada Health Virtual Health Program.
Gracieuse: Omada Health
Omada Health The price of its IPO at $ 19 per share on Thursday, in the middle of the expected range.
The Virtual Chronic Care Company said in a press release that 7.9 million shares are sold in the offer, $ 150 million.
Omada, founded in 2012, will exchange the Nasdaq under the symbol of Ticker “OMDA”. The company has deposited its Initial prospectus In May and updated the document with a price range expected from $ 18 to $ 20 per share.
At the IPO, Omada is worth around 1.1 billion dollars, although this number can be higher on an entirely diluted basis. It was just around its assessment of the private market from 2022, when Omada announced a financing cycle of $ 192 million which pushed its valuation greater than $ 1 billion.
Us Venture Partners, Andreessen Horowitz and FMR LLC in Fidelity are the largest external shareholders in the company, each holding between 9% and 10% of the stock.
Omada offers virtual care programs to support patients with chronic diseases such as prediabetes, diabetes and hypertension. Sean Duffy, CEO of Omada, co -founded the company with Andrew Domièle and Adrian James, who both moved to other companies.
This is the second IPO in the Digital Health Stock Exchange in a few weeks after prolonged drought for industry. Digital physical therapy startup Pivotal health made his debut on the New York Stock Exchange in May.
The technological stock market introduction has shown signs of life, the hinge being one of the last offers. Thursday, the actions of Crypto Company Internet circle climbed 168% in their New York Stock Exchange. Fintech Etoro began to negotiate last month and Chime Financial, which offers online banking services, is together To arrive on the market next week.
Omada’s turnover increased by 57% in the first quarter to $ 55 million, compared to $ 35.1 million a year earlier, according to its prospectus. For 2024, income increased by $ 169.8 million, compared to $ 122.8 million in the previous year.
The net loss of the company narrowed at $ 9.4 million in the first quarter, against $ 19 million a year ago.
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