** 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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