Mercom Capital Group June 18, 2021
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...