Persistent care administration firm Omada Health is looking for a valuation of about $1.1 billion with its preliminary public providing on the Nasdaq International Market below the ticker image OMDA.
It can provide an combination of seven.9 million shares of its frequent inventory and plans to grant the underwriters a 30-day choice to purchase as much as 1.185 million extra shares of inventory on the preliminary public worth.
The corporate is anticipating the preliminary public providing worth to be between $18 and $20 per share.
THE LARGER TREND
Omada Health filed an S-1 with the U.S. Securities and Alternate Fee (SEC) earlier this month, making it the second digital well being firm to hunt an IPO this yr.
In the filing, Omada reported full-year income for 2024 of $169.8 million, up 38% from $122.8 million in 2023. Income for the primary three months of 2025, as of March 31, was $55 million.
The corporate additionally reported internet losses of $47.1 million for 2024 and $9.4 million for the primary three months of 2025.
The San Francisco-based firm, based in 2011, initially focused on prediabetes management however has since expanded its companies to incorporate administration for diabetes, cardiometabolic well being, hypertension and musculoskeletal circumstances.
It gives a digital care program to assist sufferers handle their well being circumstances via customized data-driven habits change teaching. The platform goals to assist customers monitor their train, food regimen, blood glucose and different metrics. Sufferers also can entry digital look after help.
Digital well being firm Hinge Health went public last week on the NYSE below the image HNGE, elevating round $437.3 million with its IPO, which offered 9.14 million shares.
It started buying and selling on the NYSE, opening at $39.25 per share, up 23% from its IPO worth of $32, and shutting on its first day of buying and selling at $37.56 per share. Its stock is currently trading at $39.50 per share.
Hinge, additionally a San Francisco-based firm, offers digital companies for people with MSK circumstances, together with entry to well being coaches, orthopedic surgeons, bodily therapists and technological assets, equivalent to surgical procedure choice help.
Hinge additionally gives a pelvic health program for ladies and its FDA-cleared wearable, Enso, which offers electrical pulses to alleviate on a regular basis ache.
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