American Well Corp

American Well Corp (AMWL) priced its initial public offering on Sep 18, 2020 at $18.00 per share, above its $14.00–$16.00 range, raising $742M, and listed on NYSE. At the IPO price its market capitalization was about $4.06B. Goldman Sachs was lead-left underwriter, joined by UBS. Davis Polk advised the company and Latham & Watkins advised the underwriters.

American Well Corp is a telehealth company whose Amwell Platform lets health systems, health plans and other clients develop and deliver digital care programs under their own brands. Its technology embeds in clients' existing clinical workflows across clinical, retail, school and home settings.

Status

IPO

Ticker

AMWL

Exchange

NYSE

Priced

Sep 18, 2020

IPO price

$18.00

Price range

$14.00–$16.00

Raised

$742M

Market cap at IPO price

$4.06B

First filed

Aug 24, 2020

Underwriters

Goldman Sachs and UBS

Company counsel

Davis Polk

Underwriters' counsel

Latham & Watkins

Sector

Business services

Country / state

MA

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