Continual care administration firm Omada Well being will start buying and selling on the Nasdaq World Market beneath the ticker image OMDA on June 6 at a public providing value of $19 per share, in the midst of its anticipated vary.
The corporate will elevate $150 million in its preliminary public providing.
Omada will supply 7.9 million shares of its frequent inventory and can grant the underwriters a 30-day possibility to purchase as much as 1.185 million further shares on the preliminary public value.
The providing is anticipated to shut on June 9.
THE LARGER TREND
Omada Well being filed an S-1 with the U.S. Securities and Change Fee (SEC) earlier this month, making it the second digital well being firm to hunt an IPO this yr.
On the finish of final month, the corporate introduced that it was looking for a valuation of about $1.1 billion via its preliminary public providing.
Omada Well being initially targeted on prediabetes administration however has since expanded its providers to incorporate administration for diabetes, cardiometabolic well being, hypertension and musculoskeletal situations.
The San Francisco-based firm affords a digital care program to assist sufferers handle their well being situations via personalised data-driven conduct change teaching. The platform goals to assist customers observe their train, weight loss plan, blood glucose and different metrics. Sufferers also can entry digital look after assist.
Digital well being firm Hinge Well being went public final month on the NYSE beneath the image HNGE, elevating round $437.3 million with its preliminary public providing, which offered 9.14 million shares.
It started buying and selling on the NYSE, opening at $39.25, up 23% from its IPO value of $32, and shutting at $37.56 per share.
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