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Investing.com -- Omada Health, a virtual healthcare provider, started trading on the Nasdaq Global Select Market today, with its shares opening at $23 each, which is above its initial public offering (IPO) price of $19 per share. Currently, the stock is trading at $26.50 per share, marking a nearly 40% increase from the IPO price.
The company, which provides healthcare services between visits, announced yesterday that it had priced its IPO at $19 per share. The offering comprised of 7,900,000 shares of its common stock. Along with this, Omada Health granted underwriters a 30-day option to purchase up to an additional 1,185,000 shares of common stock at the initial offering price, minus underwriting discounts and commissions.
The shares are listed on the Nasdaq Global Select Market under the ticker symbol "OMDA." As part of the offering, Morgan Stanley (NYSE:MS), Goldman Sachs & Co (NYSE:GS). LLC, and J.P. Morgan are serving as the lead book-running managers.
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