One Medical (ONEM) IPO Opens 29% Higher

Today's IPO for 1Life Healthcare, Inc. (One Medical) (Nasdaq: ONEM) opened for trading at $18 after pricing 17,500,000 shares of common stock at a price of $14 per share.

In addition, One Medical has granted the underwriters a 30-day option to purchase up to 2,625,000 additional shares of common stock at the initial public offering price, less underwriting discounts and commissions.

J.P. Morgan and Morgan Stanley are acting as the lead bookrunning managers for the offering. Allen & Company LLC, Citigroup, Piper Sandler, Wells Fargo Securities, and William Blair are acting as bookrunning managers. Baird and SunTrust Robinson Humphrey are acting as co-managers.

One Medical is a membership-based primary care platform with seamless digital health and inviting in-office care, convenient to where people work, shop, live and click. One Medical’s mission is to transform health care for all through a human-centered, technology-powered model.

Headquartered in San Francisco, 1Life Healthcare, Inc. is the administrative and managerial services company for the affiliated One Medical physician owned professional corporations that deliver medical services in-office and virtually. 1Life and the One Medical entities do business under the “One Medical” brand.

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