• Livongo Upsizes IPO to $355M in Bid to Become Netflix of Health

    3 monthes ago - By Xconomy

    Livongo, a digital health company developing devices and software to help patients manage treatment for diabetes and other chronic conditions, said it expects to net $355.2 million in an initial public offering. Mountain View, CA-based Livongo late Wednesday priced its offering of approximately 12.7 million shares of its common stock at $28 per share. That would give the company a market capitalization of about $2.5 billion. Strong investor interest enabled Livongo to offer more shares than it planned, and for a higher price. When the company set IPO terms last week , it targeted the sale...
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