The new price per share is $28. Livongo Health expects gross proceeds to exceed $355 million. With this pricing, Livongo Health estimates its value is $2.5 billion, according to Business Insider.
Livongo Health has granted underwriters a 30-day option to purchase up to 1.9 million additional shares of common stock to cover over-allotments.
The digital health company began trading on the Nasdaq under the symbol LVGO on July 25. This offering is expected to close on July 29.
More articles on health IT:
Children’s National Health to apply AI to study ICU transitions
UCI Health to integrate mobile patient navigation app with Epic
ONC opens comment period for 2020 interoperability standards
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.