Shares of Omada Health soared in their trading debut on the Nasdaq on Friday after the virtual chronic care firm priced its initial public offering (IPO) in the middle of its expected range.
Omada Health stock opened at $23 each after the San Francisco-based firm priced its offering of 7.9 million shares at $19 each Thursday. On May 29, the company said in a regulatory filing that it expected the IPO price would be between $18 and $20 each.
Omada Health, which calls itself “the virtual between-visit healthcare provider,” added that it had granted underwriters a 30-day option to buy up to an additional 1.185 million shares at the IPO price.
Shares began trading on the Nasdaq today under the ticker symbol “OMDA” and recently were up nearly 30% at $24.59.
On Thursday, shares of USDC stablecoin issuer Circle Internet Group (CRCL) soared 168% in their debut on the New York Stock Exchange (NYSE).
UPDATE—This story has been updated with shares having debuted.
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