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Social Network for Doctors Doximity Plans IPO at $4 Billion Valuation

Mercom Capital Group June 18, 2021
Staff

The company plans to sell 23.3 million shares priced between $20 and $23 per share

Doximity, a social network for doctors, plans to raise nearly $536 million through a U.S. initial public offering (IPO) at about a $4 billion valuation.

The company plans to sell 23.3 million shares priced between $20 and $23 per share. The offering consists of 19,010,750 shares of Class A common stock offered by Doximity and 4,289,250 shares of Class A common stock sold by an existing stockholder.

The underwriters will have a 30-day option to purchase an additional 3,495,000 shares of Class A common stock from Doximity at the...

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2021-06-18T16:09:43-04:00
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