Omada Health set to open higher in Nasdaq debut after $150 million IPO

Omda AS

06/06/2025 15:19

Updates

** Virtual chronic care provider Omada Health's OMDA.O shares set to open 60% above their offer price in their Nasdaq debut

** Stock recently indicated to open at $30.40 apiece vs $19 IPO price

** San Francisco, California-based OMDA late on Thursday raised $150.1 million by selling 7.9 million shares at 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;))