Digital health trailblazer Omada Health Inc. ignited Wall Street’s pulse on Thursday after pricing its highly anticipated $150 million initial public offering, marking its entrance into the public market with a bold $1.1 billion valuation. Like a precision-cut scalpel, the deal sliced through market hesitations, falling neatly within its forecast range.
Represented by Latham & Watkins LLP, and with Davis Polk & Wardwell LLP counseling the underwriters, Omada floated 7.9 million shares at $19 each—the dead center of its projected $18 to $20 range. The stock will begin trading Friday on the Nasdaq under the ticker symbol OMDA, further injecting adrenaline into a suddenly revitalized IPO scene.
Digital Health Races Back Into Spotlight
Omada’s public debut isn’t happening in isolation. The company rides the wake of Circle Internet Group Inc.—a stablecoin issuer whose shares surged dramatically after its blockbuster $1.05 billion IPO earlier this week. The momentum signals that IPO windows, frozen for much of the past year, may finally be cracking open.
Omada’s entrance echoes the moves of peers like Hinge Health Inc., a physical therapy startup that recently raised $473 million, all while investors reorient toward scalable, tech-driven healthcare models.
Founded in San Francisco, Omada operates a virtual care platform designed to support patients between clinic visits. Through personalized digital interventions, the company helps users manage chronic conditions such as diabetes, hypertension, and musculoskeletal disorders. The system connects individuals with health coaches, physical therapists, and clinical specialists through a seamless virtual experience.
