Virtual chronic care provider Omada Health raises $150 million in US IPO

- 6/5/2025

</head><body><p>(Reuters) -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.</p><p>Although U.S. President Donald Trump's shifting tariff policies have weighed on markets, companies in resilient and even high-risk sectors, such as crypto firm Circle, are testing investor appetite with new listings.</p><p>The company sold 7.9 million shares in the IPO priced at $19 each, in the middle of its marketed range of $18 to $20.</p><p>Omada shares are set to begin trading on the Nasdaq under the symbol "OMDA" on Friday.</p><p>The success of recent listings could encourage more companies to tap the IPO market, especially as investor confidence slowly rebuilds after a prolonged slowdown.</p><p>Founded in 2012, Omada offers virtual care programs for patients with chronic conditions such as prediabetes, diabetes and hypertension. Its prospectus describes the company's approach as a "between-visit care model" designed to complement the broader healthcare system.</p><p>Morgan Stanley, JPMorgan, and Goldman Sachs are among the underwriters for the company's offering.</p><p> (Reporting by Manya Saini and Surbhi Misra in Bengaluru; Editing by Pooja Desai, Sherry Jacob-Phillips and Rashmi Aich)</p></body></html></p> <div id="news-wrapper"> <div class="thumbnail additional-resources client-content-image-box"> <div class="box-image" style="background-image: url(/images/home/news.jpg);"></div> <div class="caption"> <h3>Nationwide News</h3> <div> <p><a href='/mh/news-article-detail.aspx?id=155564'>NJ AG investigating after Fort Lee police shoot woman in ‘mental health crisis’</a></p> <p><a href='/mh/news-article-detail.aspx?id=155555'>How understaffing, mental health failures led to ‘mounting crisis’ in Richland County jail</a></p> <p><a href='/mh/news-archive.aspx'>News Archive</a></p> </div> </div> </div> </div> </div> </div> </div> </section> </div>  <footer class="footer">  <div class="clearfix footerInfo"> <div class="container"> <div class="row"> <div class="col-sm-7 col-xs-12"> <div class="footerText"> <a href="http://www.trilogyir.com/" target="_blank" class="footerLogo"><img src="/images/Noc-Logo-white.png" alt="Footer Logo" style="width: 200px;"></a> <div class="genericContent" id="landingPageText"> <p>The Network of Care for Mental/Behavioral Health is an online information portal for individuals, families and social service agencies concerned with community mental health services, substance use treatment programs and help for people with developmental disabilities.</p> </div> <h3 id="lblTechAssistance" style="color: #fff; margin: 25px 0 5px;">For Technical Assistance:</h3> <ul class="list-styled list-contact"> <li><i class="fa fa-envelope" aria-hidden="true"></i><a href="mailto:admin@trilogyir.com?Subject=From Network of Care">admin@trilogyir.com</a></li> </ul> </div> </div> <div class="col-sm-3 col-xs-12"> <div class="useLink"> <ul class="list-unstyled"> <li id="liFooterLinks1aMH" style="display: none;"></li> <li id="footer-services"><a href="/mh/services/index.aspx">Services</a></li> <li id="footer-library"><a href="/mh/library/index.aspx">Library</a></li> <li id="footer-links"><a href="/mh/links/index.aspx">Links</a></li> <li id="footer-legislate"><a href="/mh/legislate/index.aspx" id="footerLinks1PlaceHolder_mhFooterLegislate">Legislate</a></li> </ul> </div> </div> <div class="col-sm-2 col-xs-12"> <div class="useLink"> <ul class="list-unstyled"> <li id="ucOtherSites_liVisitOtherSites"> <a href="#" id="btnOtherSites" data-toggle="modal" data-target="#otherSiteModal">Visit Our Other Sites</a> <div class="modal fade" id="otherSiteModal" tabindex="-1" role="dialog" aria-labelledby="otherSiteModalLabel"> <div class="modal-dialog" role="document"> <div class="modal-content"> <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> <h4 class="modal-title" id="otherSiteModalLabel">Visit Our Other Sites</h4> </div> <div class="modal-body"> <div id="other-sites-footer" class="row"> <div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://philadelphia.pa.nocbeta.org/mh/" class="currentSite"><img src="/images/home/products/mh.jpg" alt="Behavioral Health & Intellectual disAbility Services" class="img-responsive center-block"/> Behavioral Health & Intellectual disAbility Services</a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://philadelphia.pa.nocbeta.org/veterans/" class=""><img src="/images/home/products/veterans.jpg" alt="For Veterans " class="img-responsive center-block"/> For Veterans </a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://philadelphia.pa.nocbeta.org/pr/" class=""><img src="/images/home/products/pr.jpg" alt="Post-Incarceration Reentry" class="img-responsive center-block"/> Post-Incarceration Reentry</a></div> </div> </div> <div class="modal-footer"> <button type="button" class="btn btn-default" data-dismiss="modal">Close</button> </div> </div> </div> </div> </li> <li id="liFooterLinks2aMH" style="display: none;"></li> <li id="footer-about"><a href="/mh/about/">About Us</a></li> <li id="footer-feedback"><a href="/mh/feedback.aspx">Feedback</a></li> <li id="footer-privacy"><a href="/mh/privacy.aspx">Privacy Policy</a></li> <li id="footer-widgets"><a href="/mh/services/widget.aspx">Add This Service Directory to Your Website</a></li> </ul> </div> </div> </div> </div> </div>  <div class="clearfix copyRight"> <div class="container"> <div class="row"> <div class="col-xs-12"> <div class="copyRightWrapper"> <div class="row"> <div class="col-sm-5 col-sm-push-7 col-xs-12">  <div class="addthis_inline_share_toolbox_es1d"></div> </div> <div class="col-sm-7 col-sm-pull-5 col-xs-12"> <div class="copyRightText"> <p>Copyright ©<span id="copyrightYear">2025</span> Network of Care - Behavioral Health & Intellectual disAbility Services - Philadelphia, All Rights Reserved.</p> </div> </div> </div> </div> </div> </div> </div> </div> </footer> <input type="hidden" name="ctl00$ctl00$hdnSiteUrl" id="hdnSiteUrl" value=".nocbeta.org" /> <input type="hidden" name="ctl00$ctl00$hdnSiteCountyId" id="hdnSiteCountyId" value="209" /> <input type="hidden" name="ctl00$ctl00$hdnSessionId" id="hdnSessionId" value="tuf1m13xbiayjz5j5rz0pvyz" /> </form> </div>   <div class="modal fade" id="searchHelpModal" tabindex="-1" role="dialog" aria-labelledby="searchHelpModal"> <div class="modal-dialog modal-lg" role="document"> <div class="modal-content"> <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close Improving Service Directory Search Results"><span aria-hidden="true">×</span></button> <h4 class="modal-title">Improving Search Results</h4> </div> <div class="modal-body"> <p>To improve your search results use quotation marks when searching for a specific phrase.</p> <p>For example, if you search for substance use, a search WITHOUT quotation marks would find listings that include the words "substance" OR “use.” A search WITH quotation marks ("substance use") would find listings only with the whole phrase "substance use."</p> </div> <div class="modal-footer"> <button type="button" class="btn btn-default" data-dismiss="modal">Cancel</button> </div> </div> </div> </div>  <div class="modal fade" id="LanguageModal" tabindex="-1" role="dialog" aria-labelledby="LanguageModalLabel"> <div class="modal-dialog" role="document"> <div class="modal-content"> <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> </div> <div class="modal-body"> <div class="alert alert-danger" role="alert" id="LanguageModalLabel"> Translation service is not available for Internet Explorer 11 or lower. Please use another browser or download the latest <a href="https://www.microsoft.com/en-us/edge" target="_blank" title="Download Microsoft Edge">Microsoft Edge</a> browser. </div> <p> Spanish:<br /> Para traducir este sitio web, debe actualizar su navegador a la última versión de <a href="https://www.microsoft.com/en-us/edge" target="_blank" title="Download Microsoft Edge">Microsoft Edge</a>. </p> <p> Vietnamese:<br /> Để dịch trang web này, bạn phải nâng cấp trình duyệt của mình lên phiên bản <a href="https://www.microsoft.com/en-us/edge" target="_blank" title="Download Microsoft Edge">Microsoft Edge</a> mới nhất. </p> <p> Mandarin:<br /> 要翻译该网站，您必须将浏览器升级到最新版本的 <a href="https://www.microsoft.com/en-us/edge" target="_blank" title="Download Microsoft Edge">Microsoft Edge</a>. </p> </div> <div class="modal-footer"> <button type="button" class="btn btn-default" data-dismiss="modal">Close</button> </div> </div> </div> </div>  <div hidden> <span id="new-window-0">Opens in a new window</span> <span id="new-window-1">Opens an external site</span> <span id="new-window-2">Opens an external site in a new window</span> </div>  <script src="/plugins/jquery-ui/jquery-ui.min.js"></script> <script src="/plugins/bootstrap/js/bootstrap.min.js"></script> <script src="/plugins/smoothscroll/SmoothScroll.min.js"></script> <script src="/plugins/datepicker/bootstrap-datepicker.min.js"></script> <script src="/plugins/selectbox/jquery.selectbox-0.1.3.min.js"></script> <script src="/plugins/owl-carousel/owl.carousel.min.js"></script> <script src="/plugins/fancybox/jquery.fancybox.pack.js"></script> <script src="https://maps.googleapis.com/maps/api/js?key=AIzaSyD3AS9ys5quFZTXhCkvZuwQfmi1bS9r9_o&libraries=geometry"></script> <script src="/plugins/map/js/rich-marker.js"></script> <script src="/plugins/map/js/infobox_packed.js"></script> <script src="/js/single-map.js"></script> <script src="/js/map.js"></script> <script src="/js/jquery.query.js"></script> <script src="/js/handlebars.min.js" type="text/javascript"></script> <script src="/js/jquery.history.js" type="text/javascript"></script> <script src="/plugins/slick/slick.min.js"></script> <script src="https://cdnjs.cloudflare.com/ajax/libs/jquery-validate/1.17.0/jquery.validate.min.js"></script> <script src="https://cdnjs.cloudflare.com/ajax/libs/jquery-validate/1.17.0/additional-methods.min.js"></script> <script src="/js/custom.js?v2"></script> <script src="/js/solr.js" type="text/javascript"></script> <script src="/js/moment.js" type="text/javascript"></script> <script src="/js/global.js?v20201022" type="text/javascript"></script> <script src="/js/jquery.cookie-min.js" type="text/javascript"></script> <script src="/js/bootbox.min.js" type="text/javascript"></script>  <script type="text/javascript" src="//s7.addthis.com/js/300/addthis_widget.js#pubid=ra-63222935cadd2722"></script> <script src='https://www.google.com/recaptcha/api.js'></script> <script src="/js/bootstrap-timepicker.min.js"></script> <script src="https://cdn.datatables.net/1.11.5/js/jquery.dataTables.min.js"></script> <div id="dialog-confirm" title="Confirm" style="display: none;"> <p class="txt-color-red font-md"> <span class="glyphicon glyphicon-trash"></span> Are you sure you want to delete this item? </p> </div> <div id="surveylink" class="survey-link"><a id="opensurvey" href="#" target="_blank">Site Survey</a></div> <script type="text/javascript" src="/angelfish.js"></script> <script type="text/javascript"> agf.pageview(); </script> </body> </html>

State Legislate

Federal Legislate

Virtual chronic care provider Omada Health raises $150 million in US IPO