Omada Health Raises $150M in IPO, Shares Jump 21%

Omada Health's stock jumped 21% in its trading debut after raising $150 million in its initial public offering. The digital health-care company sold 7.9 million shares at $19 each, giving it a market value of $1.3 billion. Omada provides virtual care to help people manage chronic conditions and has over 2,000 customers and 679,000 total members.

Omada Health, a virtual chronic care provider, has made a strong market debut with its initial public offering (IPO) on June 6, 2025. The company priced its IPO at $19 per share, raising $150 million by selling 7.9 million shares. Omada Health's stock jumped 21% in its trading debut, giving the company a market value of $1.3 billion.

The company, which offers virtual care programs to help patients manage chronic conditions such as prediabetes, diabetes, and hypertension, is expected to start trading on the Nasdaq under the ticker symbol "OMDA." Omada Health was founded in 2012 and has over 2,000 customers and 679,000 total members.

The IPO pricing was in the middle of the expected range, with the company's prospectus indicating an expected price between $18 and $20 per share. The company also granted underwriters a 30-day option to buy up to an additional 1.185 million shares at the IPO price.

Omada Health's revenue increased 57% in its first quarter to $55 million from $35.1 million a year earlier, according to its prospectus. For 2024, revenue rose 38% to $169.8 million from $122.8 million the previous year. The company's net loss narrowed to $9.4 million in the first quarter from $19 million a year ago.

Omada Health is the second digital health company to hit the market in a matter of weeks, following Hinge Health's debut in May. The tech IPO market has been showing signs of life, with several companies debuting in recent weeks.

References:
[1] https://www.investopedia.com/omada-health-set-to-debut-on-nasdaq-friday-after-pricing-ipo-in-middle-of-range-11749605
[2] https://www.nbcphiladelphia.com/news/business/money-report/omada-health-prices-ipo-at-19-per-share-in-middle-of-expected-range/4202792/
[3] https://stocktwits.com/news-articles/markets/equity/omada-health-prices-150-m-ipo-in-line-with-estimated-range/chkzhKyRbxS
[4] https://www.cnbc.com/2025/06/06/omada-shares-open-at-23-in-nasdaq-debut-after-companys-ipo.html
[5] https://seekingalpha.com/news/4456228-omada-health-prices-ipo-at-19-a-share-raises-150m
[6] https://www.modernhealthcare.com/digital-health/omada-health-ipo-public