1Life Healthcare Inc

1Life Healthcare Inc (ONEM) priced its initial public offering on Feb 3, 2020 at $14.00 per share, within its $14.00–$16.00 range, raising $245M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.71B. J.P. Morgan was lead-left underwriter, joined by Morgan Stanley, Allen & Company and Citigroup and others. Cooley advised the company and Davis Polk advised the underwriters.

1Life Healthcare Inc operates a membership-based primary care platform combining digital health with in-office care. It had about 397,000 members in nine U.S. markets and approximately 6,000 enterprise clients as of September 30, 2019, with health network partnerships covering most members.

Status

IPO

Ticker

ONEM

Exchange

Nasdaq Global Select

Priced

Feb 3, 2020

IPO price

$14.00

Price range

$14.00–$16.00

Raised

$245M

Market cap at IPO price

$1.71B

First filed

Jan 3, 2020

Underwriters

J.P. Morgan, Morgan Stanley, Allen & Company, Citigroup, Piper Sandler, Wells Fargo, William Blair and Baird

Company counsel

Cooley

Underwriters' counsel

Davis Polk

Sector

Healthcare

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.