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The IPO Buzz: Omada Health (OMDA) Prices IPO at $19 Mid-Point

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A middle-of-the-road moment:  Omada Health (OMDA), a provider of virtual healthcare to people living with diabetes and other chronic conditions, priced its IPO at $19.00 – the mid-point of its $18.00-to-$20.00 range – and raised $150.1 million on Thursday night, June 5, 2025. Omada Health priced 7.9 million shares – the number of shares in the prospectus. The Omada Health deal got a lift from the successful IPO of Hinge Health (HNGE), a digital health company that went public in late May. Omada Health’s stock is expected to start trading tomorrow – Friday, June 6, 2025 – on NASDAQ. Morgan Stanley, Goldman Sachs and J.P. Morgan are the lead joint book-runners. Barclays and Evercore ISI are also on the joint book-running team. Principal shareholders include Andreesen Horowitz and Fidelity. Omada Health, based in San Francisco, was founded in 2011. The company provides  virtual care to people with diabetes, hypertension and other chronic health conditions. The company serves more than 2,000 customers, including health plans, health systems and employers ranging in size from small businesses to Fortune 500 companies, according to the prospectus. The company focused on its strong revenue growth in 2024 vs. 2023 as well as in the first quarter of 2025 – compared with the year-earlier quarter – in marketing its IPO to investors:

  • Revenue rose to $169.8 million for the year that ended Dec. 31, 2024 – an increase of 38 percent from revenue of $122.8 million for the year that ended Dec. 31, 2023.
  • Revenue rose to $55.0 million for the three months that ended March 31, 2025 – up 57 percent from revenue of $35.1 million for the year-ago quarter that ended March 31, 2024.

Omada Health, however, is not profitable: The company reported a net loss of $47.1 million on revenue of $169.8 million for the year that ended Dec. 31, 2024. (For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com  website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of O


Source: https://www.iposcoop.com/the-ipo-buzz-omada-health-omda-prices-ipo-at-19-mid-point/



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