Digital health company Omada valued at $1.3 billion as shares jump in Nasdaq debut

(Reuters) -Shares of Omada Health rose 21% in their Nasdaq debut on Friday, valuing the virtual chronic care provider at $1.28 billion.

The robust debut underscores a steady recovery in investor appetite for new listings at a time when U.S. President Donald Trump’s shifting tariff policies have rattled markets.

A blowout debut of high-risk crypto company and stablecoin issuer Circle Internet on Thursday also fired up the initial public offering market.

Omada shares opened at $23 apiece, compared with its offer price of $19 per share. The San Francisco, California-based company raised $150 million by selling 7.9 million shares in the IPO.

Digital health platform Hinge Health, which debuted in May, has been trading 20.3% higher than its offer price, as of last close.

(Reporting by Prakhar Srivastava in Bengaluru; Editing by Shilpi Majumdar)