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Cue Health Priced, Nasdaq: HLTH

Develops and sells molecular home tests for COVID-19 and other diseases.

Industry: Health Care

Latest Trade: $0.04 0.00 (0.0%)

First Day Return: +25.0%

Return from IPO: -99.7%

Industry: Health Care

We are a health technology company, and our mission is to enable personalized, proactive and informed healthcare that empowers people to live their healthiest lives. We seek to usher in a new era in healthcare, what we call Healthcare 2.0, to transform how acute and chronic conditions are diagnosed and managed. We believe the current healthcare system is challenged. Care delivery can often be uncontextualized and disconnected in an increasingly personalized and connected world. The vast majority of healthcare delivery still relies on in-person encounters at centralized locations while consumers and caregivers may often be forced to make important health decisions without complete or real-time information. The first step in many healthcare journeys is often diagnosis, a critical part of the healthcare value chain. Despite being a key basis for care decisions, we believe current diagnostic solutions are suboptimal because they are not timely, convenient, or connected to care delivery. The COVID-19 pandemic exposed the shortcomings of our healthcare system and of diagnostics in particular. A centralized and rigid testing infrastructure, the reliance on in-person encounters, and the lack of timely information illustrate how current diagnostic solutions are not built for modern care delivery to hundreds of millions of people. We believe consumers want the same tech-enabled convenient, connected, and customized experiences that have transformed their daily lives to transform their care journeys.
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IPO Data
IPO File Date 09/01/2021
Offer Price $16.00
Price Range $15.00 - $17.00
Offer Shares (mm) 12.5
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/23/2021
Offer Price $16.00
Price Range $15.00 - $17.00
Offer Shares (mm) 12.5
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
Morgan Stanley
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Company Data
Headquarters San Diego, CA, United States
Founded 2010
Employees at IPO 1,254
Website www.cuehealth.com

Cue Health (HLTH) Performance