IPO Coverage - MedCity News https://medcitynews.com/tag/ipo/ Healthcare technology news, life science current events Mon, 10 Jun 2024 06:24:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 228111745 Navigating the Tricky Climate of Health Tech Funding https://medcitynews.com/2024/06/navigating-the-tricky-climate-of-health-tech-funding/ https://medcitynews.com/2024/06/navigating-the-tricky-climate-of-health-tech-funding/#respond Tue, 11 Jun 2024 13:23:00 +0000 https://medcitynews.com/?p=126812

Getting would-be investors—and the right kind of investors—to notice and care about your company requires a robust strategy.

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Glen Tullman Has ‘No Interest’ In Selling Transcarent, But IPO Is a Possibility https://medcitynews.com/2024/05/glen-tullman-has-no-interest-in-selling-transcarent-but-ipo-is-a-possibility/ https://medcitynews.com/2024/05/glen-tullman-has-no-interest-in-selling-transcarent-but-ipo-is-a-possibility/#respond Wed, 08 May 2024 20:18:15 +0000 https://medcitynews.com/?p=126089

Transcarent recently announced that it raised $126 million in Series D funding led by General Catalyst and 7wireVentures. When asked what his exit strategy is, CEO Glen Tullman said he does not want to sell Transcarent, but sees an initial public offering as an option.

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Digital health funding smashed another record this year, but is the trend sustainable? https://medcitynews.com/2021/12/digital-health-funding-smashed-another-record-this-year-but-is-the-trend-sustainable/ Sun, 19 Dec 2021 14:59:27 +0000 https://medcitynews.com/?p=562209

Digital health companies have now raised more than $20 billion in 2021, more than any other year. While experts expect to see the dealmaking continue, they raised caution about the challenges of going public with high valuations. 

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Better Therapeutics goes public through SPAC, will put proceeds toward first digital therapeutic https://medcitynews.com/2021/10/better-therapeutics-goes-public-through-spac-will-put-proceeds-toward-first-digital-therapeutic/ Fri, 29 Oct 2021 20:04:49 +0000 https://medcitynews.com/?p=556160

The startup is developing digital therapeutics that use cognitive behavioral therapy-based programs to address cardiometabolic conditions. It began trading on Nasdaq on Friday.

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With 5 patents under its belt, RCM tech company Ensemble Health Partners files for IPO https://medcitynews.com/2021/09/with-5-patents-under-its-belt-rcm-tech-company-ensemble-health-partners-files-for-ipo/ Thu, 30 Sep 2021 18:32:26 +0000 https://medcitynews.com/?p=552059

The company, which provides revenue cycle management solutions for providers, is filing for the IPO less than two years after Bon Secours Mercy Health sold its majority stake in Ensemble to private equity firm Golden Gate Capital. Per the filing, the company aims to raise $100 million, but that is likely a placeholder figure.

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Portable diagnostics company Cue raises $200M in IPO https://medcitynews.com/2021/09/portable-diagnostics-company-cue-raises-200m-in-ipo/ Mon, 27 Sep 2021 22:01:32 +0000 https://medcitynews.com/?p=551405

The diagnostics company currently has an authorized at-home Covid-19 test, and plans to expand into flu tests and other diagnostics. After pricing its stock at $16 per share, it climbed to $20 on Friday.

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Buoyed by Covid-19 tests, Cue files for IPO  https://medcitynews.com/2021/09/buoyed-by-covid-19-tests-cue-files-for-ipo/ Thu, 02 Sep 2021 23:35:30 +0000 https://medcitynews.com/?p=547982

The San Diego-based company began marketing its first product, a portable Covid-19 test, after receiving an emergency use authorization last year. Now, it’s filing the initial paperwork to go public as it scales up manufacturing. 

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Bright Health to grow footprint in 2022, adding 42 new markets https://medcitynews.com/2021/08/bright-health-to-grow-footprint-in-2022-adding-42-new-markets/ Thu, 19 Aug 2021 22:57:21 +0000 https://medcitynews.com/?p=545597

Bright Health will use proceeds from its IPO to fund the expansion, which will bring its total number of markets to 141 from 99. The company will also expand its product portfolio in states where it already operates.

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Denver-based direct primary care startup files to go public  https://medcitynews.com/2021/07/denver-based-direct-primary-care-startup-files-to-go-public/ Mon, 19 Jul 2021 19:52:30 +0000 https://medcitynews.com/?p=540869

Everside Health Group, a Denver-based direct primary care startup, filed to go public. The company was formed out of a merger between three primary care groups, and primarily works with self-insured employers.

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Doximity’s stock doubles after IPO. Here’s how it plans to keep the momentum going. https://medcitynews.com/2021/06/doximitys-stock-doubles-after-ipo-heres-how-it-plans-to-keep-the-momentum-going/ Thu, 24 Jun 2021 22:02:15 +0000 https://medcitynews.com/?p=537284

The social network for physicians recently went public in an upsized IPO that valued the company at about $4.6 billion. With many physicians already on the platform, chief strategy officer Dr. Nate Gross shared the company’s plans for future growth. 

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Pear Therapeutics plans to go public in $1.6B SPAC deal https://medcitynews.com/2021/06/pear-therapeutics-plans-to-go-public-in-1-6b-spac-deal/ Tue, 22 Jun 2021 23:27:51 +0000 https://medcitynews.com/?p=536852

Digital therapeutics startup Pear Therapeutics struck a deal to go public through a blank-check acquisition that would value the company at $1.6B. But it still faces big challenges in selling its app-based treatments. 

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Bright Health sets terms for $1.3B IPO  https://medcitynews.com/2021/06/bright-health-sets-terms-for-1-3b-ipo/ Wed, 16 Jun 2021 22:12:26 +0000 https://medcitynews.com/?p=536078

With plans to sell 60 million shares of common stock, Bright Health will price its IPO between $20 and $23 per share. It will trade on the New York Stock Exchange under the symbol “BHG,” according to a recent SEC filing.

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 Bloom is off the health tech IPO rose, as valuations expected to fall  https://medcitynews.com/2021/06/bloom-is-off-the-health-tech-ipo-rose-as-valuations-expected-to-fall/ Wed, 16 Jun 2021 15:12:58 +0000 https://medcitynews.com/?p=535832

In Venrock’s annual survey of healthcare leaders, respondents expected most digital health startups that went public during the pandemic to see their valuations fall by the end of the year. 

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Doximity carves out a portion of IPO for physician users https://medcitynews.com/2021/06/doximity-carves-out-a-portion-of-ipo-for-physician-users/ Tue, 01 Jun 2021 20:21:52 +0000 https://medcitynews.com/?p=533081

Doximity, the “LinkedIn for physicians,” is preparing for an IPO. In an unusual move, it’s setting aside a portion of its shares for some of its users.

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Bright Health follows rival Oscar Health down IPO path https://medcitynews.com/2021/05/bright-health-follows-rival-oscar-health-down-ipo-path/ Wed, 19 May 2021 23:20:44 +0000 https://medcitynews.com/?p=531056

Bright Health has filed preliminary paperwork for an IPO, joining its rivals in the insurance technology space in going public. Though there are few confirmed details at the moment, Bright Health is reportedly looking to raise $1 billion through the offering.

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Wall Street is lukewarm to Vera’s pivot from gene editing to rare kidney disease https://medcitynews.com/2021/05/wall-street-is-lukewarm-to-veras-pivot-from-gene-editing-to-rare-kidney-disease/ Sun, 16 May 2021 12:01:00 +0000 https://medcitynews.com/?p=530468

Vera Therapeutics raised $47.9 million from its IPO to continue clinical development of its lead asset, a potential treatment for the kidney disease IgA nephropathy. But the company is joining a crowded field of companies aiming to develop a drug for the rare disorder.

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Privia Health CEO: IPO allows us to be independent & purely focused on strategy https://medcitynews.com/2021/05/privia-health-ceo-ipo-allows-us-to-be-independent-purely-focused-on-strategy/ Thu, 06 May 2021 19:41:53 +0000 https://medcitynews.com/?p=528989

In a wide-ranging interview, Privia Health CEO Shawn Morris discussed the company’s recently closed IPO, its plans for the funds raised and what he sees as the company’s biggest value-add as the Covid-19 pandemic enters a new phase.

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Privia Health launches IPO, aims to raise up to $370M https://medcitynews.com/2021/04/privia-health-launches-ipo-aims-to-raise-up-to-370m/ Tue, 27 Apr 2021 19:53:24 +0000 https://medcitynews.com/?p=527147

The physician practice management company launched its IPO through which it plans to sell 19.5 million shares of common stock, priced between $17 and $19 per share. It will use the proceeds for general corporate purposes, like research and development, and to acquire complementary businesses or technologies.

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Report: Walgreens-backed primary care startup planning IPO https://medcitynews.com/2021/04/report-walgreens-backed-primary-care-startup-planning-ipo/ Thu, 08 Apr 2021 18:35:26 +0000 https://medcitynews.com/?p=523988

VillageMD, a primary care startup that has Walgreens as a big backer, is reportedly planning to go public. The company has plans to open hundreds of co-located primary care clinics at Walgreens pharmacies. 

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Report: Bright Health eyes $1B IPO https://medcitynews.com/2021/04/report-bright-health-eyes-1b-ipo/ Fri, 02 Apr 2021 22:40:15 +0000 https://medcitynews.com/?p=523232

Insurance startup Bright Health is reportedly planning to raise up to $1 billion in an IPO that will be launched in the second quarter of 2021. The company, which provides several insurance products as well as an IT platform, could be valued at more than $10 billion, Bloomberg reported.

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J.P. Morgan’s life sciences outlook for 2021 https://medcitynews.com/2021/04/j-p-morgans-life-sciences-outlook-for-2021/ Thu, 01 Apr 2021 17:16:42 +0000 https://medcitynews.com/?p=522800

Peter Meath, J.P. Morgan Commercial Banking’s Co-Head of Healthcare and Life Sciences, applies lessons from 2020’s remarkable second half and shares insights on what to expect in 2021.

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Alignment Healthcare aims to raise up to $516M in IPO https://medcitynews.com/2021/03/alignment-healthcare-aims-to-raise-up-to-516m-in-ipo/ Mon, 22 Mar 2021 22:30:30 +0000 https://medcitynews.com/?p=520940

Alignment Healthcare, an insurtech startup, has launched its IPO and plans to price its individual shares between $17 and $19. The company offers Medicare Advantage plans and says it uses predictive analytics technology to pinpoint seniors’ care needs.

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Four takeaways from Alignment’s IPO filing https://medcitynews.com/2021/03/four-takeaways-from-alignments-ipo-filing/ Mon, 08 Mar 2021 23:37:21 +0000 https://medcitynews.com/?p=518522

Insurance startup Alignment Healthcare filed preliminary paperwork with the Securities and Exchange Commission to go public. It’s another healthcare startup that is banking on the value of its technology in an IPO.

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Oscar Health looks to raise $1B in IPO https://medcitynews.com/2021/02/oscar-health-looks-to-raise-1b-in-ipo/ Mon, 22 Feb 2021 20:27:54 +0000 https://medcitynews.com/?p=516083

Insurance startup Oscar Health plans to price its IPO between $32 and $34 per share.  The New York-based startup plans to trade on the New York Stock Exchange under the ticker “OSCR.”

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Sharecare confirms plans to go public through SPAC merger https://medcitynews.com/2021/02/sharecare-confirms-plans-to-go-public-through-spac-merger/ Fri, 12 Feb 2021 23:18:34 +0000 https://medcitynews.com/?p=514982

Digital health startup Sharecare plans to go public through a merger with a blank-check company created by Alan Mnuchin. The deal will value the company at $3.9 billion.

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Signify Health goes public in upsized IPO https://medcitynews.com/2021/02/signify-health-goes-public-in-upsized-ipo/ Thu, 11 Feb 2021 20:54:45 +0000 https://medcitynews.com/?p=514667

Signify Health, a company that provides services for value-based care programs, went public on Thursday in an upsized IPO. The company’s stock began trading at $24 per share, above its expected range of $20 to $21 per share.

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4 takeaways from 23&Me’s planned SPAC deal https://medcitynews.com/2021/02/four-takeaways-from-23mes-planned-spac-deal/ Sun, 07 Feb 2021 14:00:36 +0000 https://medcitynews.com/?p=513746

Consumer DNA testing company 23andMe plans to go public through a merger with a special-purpose acquisition company started by Virgin Group. As sales of DNA testing kits wane, how will 23andMe drum up new interest for its business?

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Sana Bio soars in stock market debut, raising $588M for cell & gene therapies https://medcitynews.com/2021/02/sana-bio-soars-in-stock-market-debut-raising-588m-for-cell-gene-therapies/ Fri, 05 Feb 2021 00:28:22 +0000 https://medcitynews.com/?p=513524

Sana Biotechnology is turning new science into novel medicines intended to overcome limitations of current cell therapies. After going from stealth to IPO in two years, it’s now planning to bring multiple programs into clinical testing in 2022.

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Report: Ro in talks to go public through blank-check merger https://medcitynews.com/2021/02/report-ro-in-talks-to-go-public-through-blank-check-merger/ Mon, 01 Feb 2021 21:30:48 +0000 https://medcitynews.com/?p=512780

Direct-to-consumer health startup Ro is reportedly in talks go public through a merger with a blank-check company, according to a report by Reuters.

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Sharecare acquires Doc.ai, reportedly plans to go public via SPAC https://medcitynews.com/2021/01/sharecare-acquires-doc-ai-reportedly-plans-to-go-public-via-spac/ Thu, 28 Jan 2021 23:02:31 +0000 https://medcitynews.com/?p=512474

Sharecare, a digital health startup created by Web MD founder Jeff Arnold and Dr. Mehmet Oz, is reportedly in talks to go public through a merger with a special-purpose acquisition company. It also recently acquired startup Doc.ai.

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