Power care administration firm Omada Health will start buying and selling on the Nasdaq International Market below the ticker image OMDA on June 6 at a public providing worth of $19 per share, in the midst of its anticipated vary.
The corporate will increase $150 million in its preliminary public providing.
Omada will provide 7.9 million shares of its widespread inventory and can grant the underwriters a 30-day possibility to purchase as much as 1.185 million extra shares on the preliminary public worth.
The providing is predicted to shut on June 9.
THE LARGER TREND
Omada Health filed an S-1 with the U.S. Securities and Trade Fee (SEC) earlier this month, making it the second digital well being firm to hunt an IPO this 12 months.
On the finish of final month, the corporate introduced that it was seeking a valuation of about $1.1 billion by way of its preliminary public providing.
Omada Well being initially focused on prediabetes management however has since expanded its providers to incorporate administration for diabetes, cardiometabolic well being, hypertension and musculoskeletal circumstances.
The San Francisco-based firm provides a digital care program to assist sufferers handle their well being circumstances by way of customized data-driven habits change teaching. The platform goals to assist customers monitor their train, weight loss program, blood glucose and different metrics. Sufferers may entry digital take care of help.
Digital well being firm Hinge Health went public last month on the NYSE below the image HNGE, elevating round $437.3 million with its preliminary public providing, which bought 9.14 million shares.
It started buying and selling on the NYSE, opening at $39.25, up 23% from its IPO worth of $32, and shutting at $37.56 per share.
