Omada Health Prices of Public subscription at $ 19 per share, in the middle of the expected range

Omada health Public subscription price at $ 19 per share on Thursday, in the middle of the expected range.

The virtual care company said in A. press release 7.9 million shares are sold at the offer, up to $ 150 million.

Omada, founded in 2012, will circulate on the Nasdaq Stock Exchange under the neglected symbol “omda”. The company presented it to it First bulletin bulletin In May and updated the document with an expected pricing range between 18 and 20 dollars per share.

At the price of the public subscription, the value of Omada is about $ 1.1 billion, although this number may be higher on a completely diluted basis. This is true about the evaluation of the private market from 2022, when omada announced a $ 192 million financing round, which paid a billion dollar assessment.

Andressen Horowitz and Foundelity are the largest external shareholders in the company, each with between 9 % and 10 % of shares.

Omada offers virtual care programs to support patients with chronic conditions such as diabetes, diabetes and high blood pressure. Sean Duffy, CEO of OMADA, participated in establishing the company with Andrew Dimishili and Adrian James, who moved to other projects.

It is the second digital health subscription within weeks after the drought extending this industry. Starting digital physical therapy The health detailed He appeared for the first time on the New York Stock Exchange in May.

The technical subscription market shows signs of life, as the joint was one of the latest offers. On Thursday, Crypto contributed Internet circle 168 % rose in its first appearance on the New York Stock Exchange. Fintech Etoro started trading last month, condemning the Financial, which provides online banking services, hiring To strike the market next week.

Omada’s revenue increased by 57 % in the first quarter to $ 55 million from 35.1 million dollars in the previous year, according to the version. For 2024, revenues increased by 38 % to 169.8 million dollars from 122.8 million dollars in the previous year.

The net loss of the company narrowed to $ 9.4 million in the first quarter of $ 19 million a year ago.

He watches: The capitalist capitalist Bradley Tusk talks about what will happen on the public subscription pipeline