IPO
A trend in health tech companies going public leads to a public conversation on terminology.
The digital health mainstay closed its first day of trading roughly 40% above its set price, and looks forward to scaling its business as a public entity.
While the price range, number of shares and timing of the listing are yet to be announced, a source tells MobiHealthNews that the startup is eyeing September for its IPO.
The New York company's S-1 reveals a recent profitable turn and a quiet 2018 acquisition.
While financial details are not available, the move highlights the ascension of a new face for the consumer fitness market.
According to a Wall Street Journal report, the digital chronic disease management company is eyeing a $1B-plus valuation.