Doximity, a social network for doctors, plans to raise nearly $ 536 million through an IPO.
In the middle of the proposed range, Doximity would have a fully diluted market value of $ 4.5 billion.
Doximity plans to sell 23.3 million shares at a price of between $ 20 and $ 23 per share, according to a deposit with the United States Securities and Exchange Commission last week. The offering consists of approximately 19 million Class A common shares offered by Doximity and approximately 4.3 million Class A common shares sold by existing investors.
Through a reserved share program, Doximity will reserve up to 15% of its shares for member physicians at the institutional investor rate.
It plans to list its shares on the New York Stock Exchange under the symbol DOCS.
Morgan Stanley, Goldman Sachs and JP Morgan are the main underwriters of the offer.
The San Francisco, California-based company was founded in 2010 and operates as a LinkedIn for physicians. It provides a digital platform for US healthcare professionals, including telehealth and planning tools. The society has over 1.8 million healthcare professional members as of March 31, 2021, which includes over 80% of physicians in all 50 states and across all medical specialties.
RELATED: Doximity Launches Telehealth App for Providers
Doximity had revenue of $ 116 million in 2019 and revenue increased 78% to reach $ 207 million in 2020. The company is profitable, making $ 30 million and $ 50 million net profit in 2019 and 2020, respectively.
For the years ended March 31, 2020 and 2021, Doximity generated Adjusted EBITDA of $ 27 million and $ 65 million. The company reported revenue of $ 207 million for the 12 months ended March 31, 2021, according to the S-1 file.
The company’s customers are primarily healthcare organizations, particularly pharmaceutical manufacturers, healthcare systems and medical recruiting firms, which purchase subscriptions for its marketing, recruiting and telehealth solutions. In fiscal 2021, Doximity had more than 600 subscribed customers, according to File S-1.
Doximity made over 63 million telehealth visits in fiscal 2021, as reported on the SEC filing. The company also reported the rapid adoption of its commercial telehealth solutions, with subscription agreements signed with more than 150 healthcare systems as of March 31, 2021.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]