Omada Health is said to appear with a market capitalization of up to 1.1 billion US dollars

Omada Health Smart Devices in action.

Kind approval: Omada Health

Omada Health plans to raise up to $ 158 million for the upcoming IPO and, according to registration on Thursday, to achieve a market capitalization of around 1.1 billion US dollars at the top of its expected area.

The Virtual Chronic Care Company submitted its prospectus at the beginning of this month and has just updated the registration with an expected price range of $ 20 per share. Omada said it is planning to sell 7.9 million shares on offer.

The size of the offer and the share price could change, and market capitalization could be higher on fully diluted bases. The IPO is expected to take place next week.

Omada, which offers virtual care programs to support patients with chronic illnesses such as prediabetes, diabetes and high blood pressure, will be on the market in a few weeks after an extensive drought in a few weeks after. Startup for digital physiotherapy Health hinge At the beginning of this month on the New York stock exchange.

Omada, based in San Francisco, describes his approach as a “supply model” between visit, which, according to his prospectus, is supplemented as a broader health ecosystem.

Sean Duffy, CEO of Omada, was a co -founder of the company with Andrew Dimichele and Adrian James in 2012, both of whom went on to other activities.

Omada's turnover rose by 57% to 55 million US dollars compared to USD 35.1 in the first quarter, according to the submission. For 2024, sales of $ 122.8 million increased by 38% to $ 169.8 million in the previous year.

The company's lust for the net decreased in the first quarter to 9.4 million US dollars compared to $ 19 million a previous year.

“To our potential shareholders, thank you for learning more about Omada,” said Duffy in the prospectus. I invite you to join our trip. “

The company will act against Nasdaq under the ticker symbol “Omda”.

Morgan Stanley, Goldman Sachs and JPmorgan Chase lead the offer. Omada's top shareholders are USventure partners Andreessen Horowitz and loyalty.

REGARD: Redpoint Ventures' Scott Raney: The IPO market is open, but a few more years from the wave