The GV-backed primary care membership service floated at the bottom of its range but garnered a valution of more than $1.7bn.

One Medical, a US-based primary healthcare provider backed by internet technology conglomerate Alphabet, is going public today in a $245m initial public offering on the Nasdaq Global Select Market.

The IPO consists of 17.5 million shares priced at $14.00 each, at the foot of its $14 to $16 range, valuing One Medical at approximately $1.72bn. The underwriters have a 30-day option to acquire almost 2.63 million shares more which would raise the size of the offering to just short of…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.