Telehealth company Amwell looks to raise up to $560M in IPO amid virtual care boom

As it prepares to go public, telehealth company Amwell priced its stock late Tuesday between $14 and $16 per share.

The company aims to sell 35 million shares of its Class A common stock, which would bring in gross proceeds of $490 million to $560 million, according to its updated S-1 filing with the Securities and Exchange Commission (SEC).

Amwell estimates the proceeds from the IPO will be approximately $488 million, or $538 million if the underwriters exercise their option to purchase additional shares of Class A common stock at $15 per share.


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