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Trxade Health Priced, Nasdaq: MEDS

B2B online marketplace for pharmaceutical companies.

Industry: Health Care

First Day Return: 0.0%

Industry: Health Care

We have designed and developed, and now own and operate, a business-to-business, web-based marketplace focused on the United States pharmaceutical industry. Our core service brings the nation’s independent pharmacies and accredited national suppliers of pharmaceuticals together to provide efficient and transparent buying and selling opportunities. We began operations as Trxade Group in August of 2010 and initially spent two years creating and enhancing our web-based services. Our services provide enhanced pricing transparency, purchasing capabilities and other value-added services on a single platform focusing on serving the nation’s approximately 22,000 independent pharmacies with an annual purchasing power of $76 billion (according to the National Community of Pharmacists Association’s 2018 Digest). Our national supplier partners are able to fulfill orders on our platform immediately and provide pharmacies with cost saving payment terms and next day delivery capabilities in compliance with all state boards of pharmacy and federal regulations. We have expanded rapidly since 2015 and now have over 10,000 registered pharmacy members purchasing products on our sales platform.
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IPO Data
IPO File Date 12/17/2019
Offer Price $6.50
Price Range $6.50 - $6.50
Offer Shares (mm) 0.8
Deal Size ($mm) $5
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/13/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $5
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Land O' Lakes, FL, United States
Founded 2005
Employees at IPO 35
Website www.Trxade.com

Trxade Health (MEDS) Performance