Digital health companies Livongo Health and Health Catalyst are set for initial public offerings (IPOs) in the US, marking the first firms in the sector to go public since 2016. The two companies, which have raised $US1 billion ($A1.23 billion) from investors including US venture capital firm Andreessen Horowitz, will list on Nasdaq under the ticker symbol LHS Their market performances are seen by some as a demonstration of investor appetite for digital health outfits. The companies have increased the price ranges of their planned IPOs; Livongo raised its top-line expectation to $26 per share from $23 and Catalyst bumped its upper limit to $25 from $23.
Digital health companies Livongo Health and Health Catalyst are set for initial public offerings (IPOs) in the US, marking the first firms in the sector to go public since 2016. Both offer algorithm-focused analytics to help insurers, employers and health systems reduce costs. Their market performances are seen by some as a demonstration of investor appetite for digital health outfits. The companies have increased the price ranges of their planned IPOs; Livongo raised its top-line expectation to $26 per share from $23 and Catalyst bumped its upper limit to $25 from $23.