In US Amwell floated recently at $18 a share after raising the ipo price from week b4 when they said it was around $14. Now it’s bid price at $35 as I write this. At this price I think it’s about valued close to 40 times it’s revenue. As per AFR article DCA be listing at 8.7 times revenue. So may be some value in this!!
https://www.fiercehealthcare.com/tech/telehealth-company-amwell-spikes-public-debut-outsized-742m-ipo
Doctor Care Anywhere DCA IPO, page-35
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