We took a look at 8 digital health companies that were each worth at least $1 billion when they went public. Now, some are worth almost nothing.
In 2018, digital health startups raised $14.8 billion in funding across almost 1,500 deals, the report says.
Looking at the 8 US companies that held IPOs, Business Insider evaluated each company's stock market performance. Some have surged, rewarding investors. Others have tumbled. Take a look at the performance of companies like Fitbit, which is down 80% since its IPO in 2015, and 10X Genomics, up 35%.Innovation in the space ranges from cancer treatments, to telehealth, to digitizing health data. In 2018, digital health startups raised $14.8 billion, and funding has increased almost every year since 2014,Eventually, though, startup investors want to see a return on their investment. For that to happen, the startups need to go public or get acquired by another company.
Looking at the eight US companies that held IPOs, Business Insider evaluated the companies' stock market performance. Four of the companies have gained since their IPOs, and four have declined.
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