Continual care control corporate Omada Well being is looking for a valuation of about $1.1 billion with its preliminary public providing at the Nasdaq World Marketplace underneath the ticker image OMDA.
It’s going to be offering an combination of seven.9 million stocks of its commonplace inventory and plans to grant the underwriters a 30-day possibility to shop for as much as 1.185 million further stocks of inventory on the preliminary public value.
The corporate is anticipating the preliminary public providing value to be between $18 and $20 in keeping with percentage.
THE LARGER TREND
Omada Well being filed an S-1 with the U.S. Securities and Trade Fee (SEC) previous this month, making it the second one virtual well being corporate to hunt an IPO this 12 months.
In the filing, Omada reported full-year earnings for 2024 of $169.8 million, up 38% from $122.8 million in 2023. Income for the primary 3 months of 2025, as of March 31, was once $55 million.
The corporate additionally reported web losses of $47.1 million for 2024 and $9.4 million for the primary 3 months of 2025.
The San Francisco-based corporate, based in 2011, first of all concerned about prediabetes control however has since expanded its products and services to incorporate control for diabetes, cardiometabolic well being, high blood pressure and musculoskeletal stipulations.
It provides a digital care program to assist sufferers set up their well being stipulations thru customized data-driven conduct trade training. The platform targets to assist customers observe their workout, nutrition, blood glucose and different metrics. Sufferers too can get entry to digital maintain enhance.
Virtual well being corporate Hinge Well being could also be in quest of an IPO with a centered valuation of about $2.6 billion. In March, the musculoskeletal care-focused platform filed for an IPO to move public underneath the logo HNGE.
Hinge, additionally a San Francisco-based corporate, supplies digital products and services for people with MSK stipulations, together with get entry to to well being coaches, orthopedic surgeons, bodily therapists and technological sources, equivalent to surgical treatment resolution enhance.
Hinge additionally provides a pelvic well being program for girls and its FDA-cleared wearable, Enso, which supplies electric pulses to alleviate on a regular basis ache.
