INSUBCONTINENT EXCLUSIVE:
Shares of One Medical are worth $19.50 this morning after the venture-backed unicorn priced its IPO at $14 per share last night
The company opened at $18 before rising further, according to Yahoo Finance data
At its current price, One Medical is worth about 40% more than its IPO price, a strong debut for the company.The result is a boon for One
Medical, which raised $532.1 million during its time as a private company
At $14 per share, the company was worth $1.71 billion
At 19.50, One Medical is worth $2.38 billion, a winning result for a company said to be worth around $1.5 billion as a private company.For
investors The Carlyle Group, J.P
Morgan, Redmile Group, GV and Benchmark (among others), the debut is a success, pricing their stakes in the company higher once again
For other unicorns, the news is even better
One Medical, a company with gross margins under the 50% mark, deeply minority recurring revenue and 30% revenue growth in 2019 at best is
You can be positive, saying that its valuation and resulting metrics are signs of investor optimism for the medical service company
Or you could go negative and assume that its pricing looks like a case of the market being more excited about a brand than a set of
