CFGI’s Capital Markets team supported 1Life Healthcare Inc. (One Medical) (Nasdaq: ONEM) with its initial public offering. On January 30, 2020, the offering was priced at $14 per share for gross proceeds of $245 million, before deducting underwriting discounts, commissions and offering expenses.
The underwriters fully exercised their option to purchase an additional 2,625,000 shares at the initial offering price, less underwriting discounts and commissions. The shares began trading January 31, 2020 and the offering closed on February 4, 2020.
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.
The CFGI team was led by April Coleman (Capital Markets) and Carla Amaning (Capital Markets), with support from Gregory Lynch (Managing Partner, San Francisco).
For further information on the offering, please read One Medical’s press release.