Telehealth companies drive $13B in Q3 healthcare IPO activity

Telehealth has played a significant role in initial public offering activity among healthcare companies in 2020, totaling  nearly $30 billion in deals, according to a recent S&P Global Market Intelligence analysis

Four report insights: 

1. Healthcare IPO activity passed the $10 billion mark per quarter for the second time in a row this year after companies generated $13.44 billion in investments during the third quarter of 2020. 

2. Telehealth companies Amwell and GoodRx dominated third-quarter IPO activity, raising about $853.3 million and $944.3 million, respectively. 

3. In 2020, healthcare companies have raised about $29.45 billion from IPO activity, the most in the past five years. 

4. The third quarter IPO deals were also the most for any single quarter of 2020. 

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