Outcome Health raises $500M
Outcome Health, a provider of digital healthcare content for patients and doctors, has raised $500 million at a pre-money valuation of $5 billion. Investors include Goldman Sachs, Alphabet’s CapitalG, and a long list of others. Though it was founded in 2006, Chicago-based Outcome has not previously raised a venture round.
Vista Equity Partners buys Lithium Technologies
Lithium Technologies, a provider of tools for managing brands on social media, announced that it is being acquired by private equity firm Vista Equity Partners for an undisclosed sum. San Francisco-based Lithium previously raised around $200 million in venture funding.
IPO pops are best when moderate
The number of tech IPOs is way up year-over year, sparking renewed debate over the pros and cons of a first-day stock price surge. Many say an initial “pop” makes for good publicity, but it also represents money left on the table. That leaves at least one expert advocating that companies aim for a moderate first-day pop of 25 percent to 35 percent, Crunchbase News reports.
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