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BUZZ-Omada Health set for Nasdaq debut after $150 million IPO

Reuters
Jun 06
BUZZ-<a href="https://laohu8.com/S/OMDA">Omada Health</a> set for Nasdaq debut after $150 million IPO

** Virtual chronic care provider Omada Health OMDA.O set to begin trading on the Nasdaq later in the day

** San Francisco, California-based OMDA late on Thursday raised $150.1 million by selling 7.9 million shares at $19 apiece, the midpoint of its marketed range of $18 to $20

** At IPO price, OMDA fetched a $1.06 billion valuation

** Morgan Stanley, Goldman Sachs and J.P. Morgan were the lead book-running managers for the offering

** Founded in 2011, OMDA offers virtual care programs for patients with chronic conditions such as prediabetes, diabetes, and hypertension

** OMDA had more than 2,000 customers and over 679,000 total members enrolled in one or more programs as of March 31

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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