From Yahoo Finance: 2025-06-06 12:13:00

Omada Health goes public with an IPO valued at $1.1 billion, following the success of Hinge Health. Trading at $23 per share, Omada saw a 47% increase to $28 per share midday. The company is known for clinical health guidance, particularly in weight loss management. CEO Sean Duffy emphasizes the importance of avoiding the popular GLP-1 market. Omada’s growth was accelerated by the pandemic, partnering with large companies like CVS and Cigna. Despite not turning a profit in its 14-year history, Omada’s losses are decreasing while revenue is growing. Duffy looks to new investors to guide the company in addressing chronic diseases and bending the curve of disease.

Read more: Omada Health goes public at $23 per share, marking second major digital health IPO in 2025