Omada has over 2,000 customers, including employers and health plans, and roughly 680,000 people enrolled in its programs. Advertisement. Even so, the company is still losing money.

Virtual chronic care provider Omada Health said on Thursday it had raised $150 million in its U.S. initial public offering, another sign of recovering investor appetite for new stocks.

Omada Health closed at $23 on its debut, a 21% rise over the $19 IPO price. Q1 2025 revenue rose 57% to $55 million; net loss narrowed to $9.4 million from $19 million. Tim Melvin’s system has ...

Dive Brief: Omada Health went public Friday, marking the second recent digital health IPO after a dry spell for the sector.; The digital chronic condition management company opened at $23 per ...