Digital Health Company Omada Files For U.S. IPO

Omada Health, a virtual chronic care provider, has filed to go public in the United States, joining a growing cohort of healthcare companies seeking to list this year despite a turbulent market environment, Reuters reported.

San Francisco–based Omada, which raised $192 million in a 2022 Series E round, reported a 38% revenue increase in 2024. I Photo: Omada Facebook

While market volatility has been heightened by President Donald Trump’s tariff policies, IPOs from healthcare companies—which are seen as more resilient to economic shifts—are pressing forward.

San Francisco–based Omada, which raised $192 million in a 2022 Series E round, reported a 38% revenue increase in 2024, reaching $169.8 million.

In the first quarter of 2025, revenue rose 56.6% year-over-year to $55 million, according to the company’s IPO filings. Healthcare IPOs on U.S. exchanges brought in $7.1 billion in 2024—more than double the $2.8 billion raised in 2023, according to data from LSEG.