1Life Healthcare (One Medical) Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option t...
February 04 2020 - 5:05PM
1Life Healthcare, Inc. (One Medical) (Nasdaq: ONEM) today announced
the closing of its initial public offering of 20,125,000 shares of
common stock at a price of $14.00 per share, which includes the
full exercise of the underwriters’ option to purchase 2,625,000
additional shares of common stock. Including the option exercise,
the gross proceeds from the offering, before deducting underwriting
discounts and commissions and offering expenses payable by One
Medical, were approximately $281.8 million. The shares began
trading on The Nasdaq Global Select Market under the symbol “ONEM”
on January 31, 2020.
J.P. Morgan and Morgan Stanley acted as the lead
bookrunning managers for the offering. Allen & Company LLC,
Citigroup, Piper Sandler, Wells Fargo Securities, and William Blair
acted as bookrunning managers. Baird and SunTrust Robinson Humphrey
acted as co-managers.
The offering was made only by means of a prospectus
relating to the offering. Copies of the prospectus may be obtained
from J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by
telephone at (866) 803-9204, or by email
at prospectus-eq_fi@jpmchase.com; or Morgan Stanley & Co.
LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014.
A registration statement relating to the sale of
these securities has been filed with and declared effective by the
U.S. Securities and Exchange Commission. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy these securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About One MedicalOne 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.
Media Contact:Kristina Skinner,
One MedicalDirector of External
CommunicationsPress@onemedical.com650-743-5187
Investor Contacts:Rose Salzwedel,
One MedicalDirector of Investor
RelationsInvestor@onemedical.com(206) 331-2211
WestwickeBob East or Asher Dewhurst(443)
223-0500
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