May 29 (Reuters) - Virtual chronic care provider Omada
Health is targeting a valuation of about $1.1 billion in its
initial public offering in the United States, signaling a
comeback for capital markets after several months of slowdown in
listings.
The company said on Thursday it would sell 7.9 million
shares in a range of $18 to $20 per share, potentially fetching
up to $158 million if priced at the upper limit.
While U.S. President Donald Trump's tariff whiplash has
roiled markets and cast a shadow on new listings, companies in
sectors perceived as less sensitive to economic headwinds are
pushing ahead with their initial public offerings.
The San Francisco, California-based company, last raised
$192 million in a Series E funding round in 2022.
Omada has applied to list its common stock on the Nasdaq
under the symbol "OMDA".
J.P.Morgan, Goldman Sachs, Morgan Stanley and Barclays
are among the underwriters for Omada's offering.