HLTH News

It was another busy week for the fall IPO market as 13 IPOs raised $4.6 billion led by restaurant payment processor Toast (TOST), which jumped 56% in its debut. Six SPACs also went public, and one IPO postponed: Canadian consumer products company Knowlton Development (KDC). The pipeline was fairly active, with seven IPOs and five SPACs...read more

Cue Health, which develops and sells molecular home tests for COVID-19 and other diseases, raised $200 million by offering 12.5 million shares at $16, within the range of $15 to $17. The company's Cue Integrated Care Platform consists of hardware and software components: Cue Health Monitoring System, Cue Data and Innovation Layer, Cue Virtual Care Delivery Apps, and Cue Ecosystem...read more

Summer may be over, but the IPO market is just heating up as 14 IPOs are slated to raise $5.3 billion in the week ahead. The diverse group includes software, consumer products, payment technology, and more. The largest deal of the week, Freshworks (FRSH) plans to raise $855 million at a $9.6 billion market cap. The company’s core product is its customer...read more

Cue Health, which develops and sells molecular home tests for COVID-19 and other diseases, announced terms for its IPO on Wednesday. The San Diego, CA-based company plans to raise $200 million by offering 12.5 million shares at a price range of $15 to $17. At the midpoint of the proposed range, Cue Health would command a fully diluted market value of $2.4 billion. The company's...read more