Digital health investors and analysts will see how Wall Street responds to digital health’s first U.S.-based initial public offering in 2023 before declaring another IPO window has opened.
“The one company that we know is going to IPO and everyone’s looking at is Waystar,” said Sofia Guerra, vice president at venture capital firm Bessemer Venture Partners. “Everyone’s kind of waiting to see how that’s going to go.”
A lack of profitability and an inability to accurately predict future business metrics has the potential to hurt any potential digital health IPO candidate, said Tom Cassels, president and CEO at Rock Health Advisory, a digital health and innovation strategy group. He said a greater share of digital health companies will have to show consistent, positive business metrics before the IPO market window opens again, Modern Healthcare reports. Read more.
