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Omada Health Prices IPO at $19 a Share and Begins Trading on Nasdaq

The virtual chronic care provider is valued at roughly $1.1 billion after selling 7.9 million shares at its set price.

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A view shows the New York Stock Exchange (NYSE) Wall Street entrance in New York City, U.S., April 7, 2025. REUTERS/Kylie Cooper/File Photo

Overview

  • Underwriters have a 30-day option to purchase up to 1.185 million additional shares at the IPO price.
  • First-quarter revenue jumped 57 percent to $55 million while net loss narrowed to $9.4 million year-over-year.
  • U.S. Venture Partners, Andreessen Horowitz and Fidelity’s FMR LLC each own between 9 percent and 10 percent of the company.
  • Founded in 2012, Omada offers virtual care programs for chronic conditions including prediabetes, diabetes and hypertension.
  • The IPO follows Hinge Health’s May debut as renewed tech offerings signal a revival in digital health listings.