Health Information Services IPOs

Performance analysis and trends for 17 IPOs in the health information services sector.

Total IPOs

17

Avg Return

-14.3%

Success Rate

31.3%

5 of 16 positive

Total Market Cap

$33.3B

Recent IPOs (2024+)

CompanyDateIPO PriceCurrentReturnMarket Cap
HTFL
HeartFlow, Inc.
8/8/2025$19.00$30.55+60.8%$2.6B
CARL
Carlsmed, Inc.
7/23/2025$15.00$9.07-39.5%$247.0M
OMDA
Omada Health, Inc.
6/6/2025$19.00$14.59-23.2%$859.7M
HNGE
Hinge Health, Inc.
5/22/2025$32.00$44.74+39.8%$2.4B
TEM
Tempus AI, Inc.
6/14/2024$37.00$51.10+38.1%$8.9B
WAY
Waystar Holding Corp.
6/7/2024$21.50$25.23+17.4%$4.8B
BTSG
BrightSpring Health Services, Inc.
1/26/2024$13.00$47.49+265.3%$9.2B

Best Performers

CompanyReturnIPO Date
BTSG
BrightSpring Health Services, Inc.
+265.3%1/26/2024
HTFL
HeartFlow, Inc.
+60.8%8/8/2025
HNGE
Hinge Health, Inc.
+39.8%5/22/2025
TEM
Tempus AI, Inc.
+38.1%6/14/2024
WAY
Waystar Holding Corp.
+17.4%6/7/2024

Worst Performers

CompanyReturnIPO Date
DH
Definitive Healthcare Corp.
-96.3%9/15/2021
MGRX
Mangoceuticals, Inc.
-91.0%3/21/2023
BFRG
Bullfrog AI Holdings, Inc.
-89.0%2/14/2023
BEAT
HeartBeam, Inc.
-85.5%11/11/2021
WEAV
Weave Communications, Inc.
-79.3%11/11/2021

Activity by Year

2025
4 IPOs
+9.5%
2024
3 IPOs
+106.9%
2023
2 IPOs
-90.0%
2022
1 IPOs
-22.5%
2021
7 IPOs
-64.0%

All Health Information Services IPOs

CompanyDateIPO PriceCurrentReturnExchange
HTFL
HeartFlow, Inc.
8/8/2025$19.00$30.55+60.8%NASDAQ
CARL
Carlsmed, Inc.
7/23/2025$15.00$9.07-39.5%NASDAQ
OMDA
Omada Health, Inc.
6/6/2025$19.00$14.59-23.2%NASDAQ
HNGE
Hinge Health, Inc.
5/22/2025$32.00$44.74+39.8%NYSE
TEM
Tempus AI, Inc.
6/14/2024$37.00$51.10+38.1%NASDAQ
WAY
Waystar Holding Corp.
6/7/2024$21.50$25.23+17.4%NASDAQ
BTSG
BrightSpring Health Services, Inc.
1/26/2024$13.00$47.49+265.3%NASDAQ
MGRX
Mangoceuticals, Inc.
3/21/2023$4.00$0.36-91.0%NASDAQ
BFRG
Bullfrog AI Holdings, Inc.
2/14/2023$6.50$0.71-89.0%NASDAQ
ACON
Aclarion, Inc.
4/22/2022$4.35$3.37-22.5%NASDAQ
BEAT
HeartBeam, Inc.
11/11/2021$6.00$0.87-85.5%NASDAQ
WEAV
Weave Communications, Inc.
11/11/2021$24.00$4.98-79.3%NYSE
HCTI
Healthcare Triangle, Inc.
10/13/2021$4.00$2.18-45.5%NASDAQ
HLTHQ
Cue Health Inc.
9/24/2021N/AN/AN/AOTC Pink
DH
Definitive Healthcare Corp.
9/15/2021$27.00$1.01-96.3%NASDAQ
SOPH
SOPHiA GENETICS SA
7/23/2021$18.00$5.00-72.2%NASDAQ
DOCS
Doximity, Inc.
6/24/2021$26.00$24.57-5.5%NYSE