Chronic Care Management Company Omada Health starts acting on 6 June on the Nasdaq Global Market under the Ticker symbol OMDA at a public offer price of $ 19 per share, in the middle of the expected range.
The company will collect $ 150 million in its first public offer.
Omada offers 7.9 million shares of its normal shares and will provide the insurers an option of 30 days to buy a maximum of 1,185 million extra shares at the initial public price.
The offer is expected to close on 9 June.
The larger trend
Omada Health has submitted an S-1 With the US Securities and Exchange Commission (SEC) earlier this month, making it the second digital health company this year that is looking for an IPO this year.
At the end of last month, the company announced that it was that Looking for a rating of around $ 1.1 billion through its first public offer.
Omada Health Initially focused on prediabetes management, but has since expanded its services with the management of management for diabetes, cardiometabolic health, hypertension and musculoskeletal disorders.
The company established in San Francisco offers a virtual care program to help patients manage their health problems due to personalized data-driven behavioral change coaching. The platform wants to help users follow their exercise, diet, blood glucose and other statistics. Patients also have access to virtual care for support.
Digital Health Company Hinge Health went public at the NYSE last month under the HNGE symbol and raised around $ 437.3 million with his first public offer, which sold 9.14 million shares.
It started to act on the NYSE, open at $ 39.25, an increase of 23% compared to his IPO price of $ 32 and closed $ 37.56 per share.
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