Persistent 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 elevate $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 choice to purchase as much as 1.185 million extra shares on the preliminary public worth.
The providing is anticipated to shut June 9.
THE LARGER TREND
Omada Health 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 seeking a valuation of about $1.1 billion by its preliminary public providing.
Omada Well being initially focused on prediabetes management however has since expanded its companies to incorporate administration for diabetes, cardiometabolic well being, hypertension and musculoskeletal circumstances.
The San Francisco-based firm affords a digital care program to assist sufferers handle their well being circumstances by customized data-driven behavior-change teaching. The platform goals to assist customers monitor their train, food regimen, 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 offered 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.
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