Described as Linked In for medics . Supposedly 80% of US physicians are signed up.
main revenue from Pharmas targeting their drug marketing budgets
here is the S1 Form
https://docoh.com/filing/1516513/0001628280-21-012207/DOCS-S1A
Planned to IPO before the end of the month
Motley Fool was raving about them
June 15, 2021
Doximity, a professional network for physicians with telehealth and scheduling tools, announced terms for its IPO on Tuesday.
The San Francisco, CA-based company plans to raise $501 million by offering 23.3 million shares (18% insider) at a price range of $20 to $23. At the midpoint of the proposed range, Doximity would command a fully diluted market value of $4.5 billion.
Doximity is an online platform for physicians that allows them to collaborate with colleagues, securely coordinate patient care, conduct virtual patients visits, read the latest medical news and research, and manage their careers. The company claims that it is the leading digital platform for US medical professionals, with over 1.8 million members as of March 31, 2021, representing more than 80% of physicians across the country.
Doximity was founded in 2010 and booked $207 million in sales for the 12 months ended March 31, 2021. It plans to list on the NYSE under the symbol [DOCS]
Morgan Stanley, Goldman Sachs, J.P. Morgan, Piper Sandler, William Blair, Canaccord Genuity, Needham & Co., Raymond James, and SVB Leerink are the joint bookrunners on the deal. It is expected to price during the week of June 21, 2021.
IPO date 24th June.
Doximity is a networking platform for physicians, that already has 80% of US physicians and 50% of NP’s & physicians assistants as verified members.
Key Numbers
153% Net revenue retention rate
88% Gross profit margin
78% YoY revenue growth
4.8App Store rating
IPO date 24th June.
Doximity is a networking platform for physicians, that already has 80% of US physicians and 50% of NP’s & physicians assistants as verified members.
Key Numbers
153% Net revenue retention rate
88% Gross profit margin
78% YoY revenue growth
4.8App Store rating
Im really keen on this one!
IPO today!
[$DOCS] (Doximity IPO to price at $26 (above the expected price range of $20 to $23) with offering size being 23,300,000 shares
any news on when we can buy? hey freetrade look over here pleeeease?
We’re planning to add this one today as soon as it’s available on the secondary market.
Brilliant Sam, Thanks - thats most appreciated!
i think that they will be open for trading by 1pm US time
DOCS indicating will open at $36-$37 from IPO price of $26
Hey when can I buy this
I was hoping earlier but as Sam says we are no doubt waiting for the secondary market provider
Ive been primed all afternoon
opened at $41 faltered at $45 now $51
missed it it I fear
not I sure I now want to buy at this price now
Feel a bit let down here…I know its not FTrade …but who are our US partners?
