Power care administration firm Omada Well being is searching for a valuation of about $1.1 billion with its preliminary public providing on the Nasdaq World Market beneath the ticker image OMDA.
It’ll provide an combination of seven.9 million shares of its widespread inventory and plans to grant the underwriters a 30-day choice to purchase as much as 1.185 million further shares of inventory on the preliminary public worth.
The corporate is anticipating the preliminary public providing worth to be between $18 and $20 per share.
THE LARGER TREND
Omada Well being filed an S-1 with the U.S. Securities and Alternate Fee (SEC) earlier this month, making it the second digital well being firm to hunt an IPO this 12 months.
Within the submitting, Omada reported full-year income for 2024 of $169.8 million, up 38% from $122.8 million in 2023. Income for the primary three months of 2025, as of March 31, was $55 million.
The corporate additionally reported web losses of $47.1 million for 2024 and $9.4 million for the primary three months of 2025.
The San Francisco-based firm, based in 2011, initially targeted on prediabetes administration however has since expanded its providers to incorporate administration for diabetes, cardiometabolic well being, hypertension and musculoskeletal circumstances.
It presents a digital care program to assist sufferers handle their well being circumstances by customized data-driven conduct change teaching. The platform goals to assist customers observe their train, eating regimen, blood glucose and different metrics. Sufferers also can entry digital look after assist.
Digital well being firm Hinge Well being can also be searching for an IPO with a focused valuation of about $2.6 billion. In March, the musculoskeletal care-focused platform filed for an IPO to go public beneath the image HNGE.
Hinge, additionally a San Francisco-based firm, supplies digital providers for people with MSK circumstances, together with entry to well being coaches, orthopedic surgeons, bodily therapists and technological sources, reminiscent of surgical procedure determination assist.
Hinge additionally presents a pelvic well being program for girls and its FDA-cleared wearable, Enso, which supplies electrical pulses to alleviate on a regular basis ache.
