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Virtual Health Program Omada Health.
Courtesy: Amada health
Amada’s health At the price of IPO in the amount of $ 19 per share on Thursday, in the middle of the expected range.
Virtual Chronic Aid Company said in press -release These 7.9 million shares are sold in a proposal worth $ 150 million.
Amada, founded in 2012, will trade on NASDAQ under the “OMDA” tick. The company has filed its Initial avenue In May, he updated the document with the expected pricing range from $ 18 to $ 20 per share.
At the cost of IPO, OMADA costs about $ 1.1 billion, although this amount may be higher on a fully diluted basis. This is exactly around the estimation of the private market since 2022, when OMADA has announced a $ 192 million financing round, which pushed the estimate above $ 1 billion.
US companies Venture Partners, Andressen Horowitz and Fidelity’s FMR LLC are the largest external shareholders of the company, each owned by 9% to 10%.
Amada offers virtual assistance programs to support patients with chronic conditions such as prediabetes, diabetes and hypertension. Sean Dafa, CEO of Omada, founded the company from Andrew Dimicle and Adrian James, who both moved to other enterprises.
This is the second digital IPO Health a few weeks after a long drought for the industry. Digital Physiotherapy Running Make health He made his debut on the New York Stock Exchange in May.
The Tech IPO market demonstrates signs of life as Hinge is one of the latest sentences. On Thursday’s stock Crypto Company Circles on the Internet It has resumed 168% in the New York Stock Exchange. Fintech Company Etoro started trading last month, and Chime Financial, which offers Internet -bank services, there are set To enter the market next week.
According to the prospectus, Abad’s profit increased by 57% in the first quarter to $ 55 million from $ 35.1 million a year earlier. In 2024, the proceeds rose by 38% to $ 169.8 million from $ 122.8 million last year.
The net loss of the company in the first quarter narrowed to $ 9.4 million from $ 19 million a year ago.
See: Venture capitalist Bradley Tusk talks that goes through the IPO pipeline
