Reported about 1 month ago
Omada Health, Inc. successfully launched its IPO on NASDAQ, raising $150 million with shares priced at $19, closing the first day at $23, a 21% increase. The company, founded in 2012, specializes in virtual health solutions focusing on diabetes prevention, weight management, and other conditions, showing significant revenue growth and narrowing losses. The timing aligns with the increased interest in GLP-1 medications, providing an opportunity as many employers roll out reimbursement plans.
Source: YAHOO