Voting health The shares increased 21% in their debut in Nasdaq on Friday after the virtual chronic attention company set its shares at $ 19 per share in its Ipart.
The action opened to $ 23 and closed to that same level, reaching a maximum of $ 28.40 in the middle of the day.
The company said in a press release on Thursday night that sold 7.9 million shares in the offer, promoting around $ 150 million. The price was in the middle of the expected range and valued the company in just over $ 1 billion, although that number could be higher in a completely diluted base.
Viada, founded in 2012, is quoted under the “OMDA” Ticker symbol. The company offers virtual care programs to support patients with chronic conditions such as prediabetes, diabetes and hypertension. Sean Duffy, CEO of Vot, co -founded the company with Andrew Dimichele and Adrian James, who have moved to other companies.
It is the second initial public offer of digital health in a matter of weeks after a prolonged drought for the industry. The digital physiotherapy startup was debuted in the New York Stock Exchange in May. Currently, Hinge is quoted at $ 38.50 after selling shares in his OPI at $ 32.
The IPO de Tech market has been showing signs of life, with Hinge as one of the latest offers. On Thursday, Crypto Company shares Circular Internet He shot 168% in his debut at the NYSE. The Fintech Etoro company began to quote last month, and Chime Financial, which offers online banking services, will arrive on the market next week.
“It is a surrealist, of course, because you can only see all these people who have given so much to the business,” Duffy said in an interview with CNBC. “I feel very proud.”
Early in the day, Duffy told “Squawk Box” of CNBC that “we like the scale of the model, we like the business scale, we also feel attractive to capital markets.”
Voting revenues increased 57% in their first quarter to $ 55 million of $ 35.1 million a year before, according to their prospect. 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.
The US risk partners, Andreessen Horowitz and FMR LLC of Fidelity are the company's largest external shareholders, each one has between 9% and 10% of the shares.
