Livongo Health sets terms for IPO

Livongo Health on July 15 announced more details regarding its upcoming initial public offering, according to Fortune.

The digital health company plans to raise around $230 million and offer 10.7 million shares. This could potentially double Livongo Health's valuation, which was set at $1 billion in March.

Livongo Health has hired JPMorgan Chase, Morgan Staley and Goldman Sacks Group to serve as underwriters to assist with the IPO. The company has already privately raised around $240 million. By 2020, Livongo Health plans to double its revenue, sources familiar with the company confirmed to The Wall Street Journal.

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