One of the most well funded healthcare companies in Silicon Valley is getting ready to make their Wall Street debut.

What’s happening:

  • San Francisco based healthcare company Omada Health has officially filed an S-1 with the United States Securities and Exchange Commission for an IPO onto the Nasdaq
  • The IPO financing will be led by J.P. Morgan, Goldman Sachs, Morgan Stanley, Barclays and Evercore ISI

By the numbers:‍

  • Omada Health is aiming to raise $100M USD in their IPO financing
  • Omada Health generated approximately $169M USD in total revenue last year

Why it matters:‍

  • Omada Health is one of the fastest growing providers of virtual care in America for individuals suffering from chronic conditions, including diabetes, hypertension and musculoskeletal problems

Going deeper:‍

  • Multiple government agencies and large publicly traded companies have partnered with Omada Health to provide care for their employees, including the state government of Alaska and even Amazon (NASDAQ: AMZN)
  • Omada Health has raised hundreds of millions of dollars in venture capital funding and landed multiple prominent Silicon Valley investors, including a16z and Wellington Management