Intelligent Voting Health Devices in Use.
Courtesy: Health Via
Omada Health plans to raise up to $ 158 million in its next OPI, reaching a market capitalization of approximately $ 1.1 billion at the upper end of its expected range, according to a presentation on Thursday.
The virtual chronic attention company presented its prospect at the beginning of this month, and has just updated the presentation with an expected price range from $ 18 to $ 20 per share. Omada said it plans to sell 7.9 million shares in the offer.
The size of the offer and the price of the shares could change, and the market limit could be higher in the completely diluted bases. The IPO is expected to take place next week.
Omada, which offers virtual care programs to support patients with chronic conditions such as prediabetes, diabetes and hypertension, will be the second digital health company to reach the market in a matter of weeks after prolonged drought. Digital Physiotherapy Start Hinge health He debuted in the New York Stock Exchange earlier this month.
Voting, based in San Francisco, describes its approach as a “model of attention between visits” that is complementary to the broader ecosystem of medical care, according to its prospect.
Sean Duffy, CEO of Viada, co -founded the company in 2012 with Andrew Dimichele and Adrian James, who moved to other companies.
Voting revenues increased 57% in their first quarter to $ 55 million of $ 35.1 million a year before, according to the presentation. By 2024, income increased 38% to $ 169.8 million of $ 122.8 million the previous year.
The company's net loss was reduced to $ 9.4 million in the first quarter of $ 19 million a year ago.
“To our possible shareholders, thanks for learning more about Omada,” Duffy said in the prospect. I invite you to join our trip. “
The company will trade with Nasdaq under the “OMDA” Ticker symbol.
Morgan Stanley, Goldman Sachs and Jpmorgan Chase are leading the offer. The main shareholders of Votes are US risk partners., Andreessen Horowitz and Fidelity.
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