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Noom was founded in 2008 by Artem Petakov, and Saeju Jeong. Reuters reports that the company has hired Goldman Sachs to prepare for a potential IPO. While the company has not publicly confirmed this or discussed a timetable, a number of prominent analysts believe that an IPO could be near on the horizon. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Noom is a subscription-based wellness app that allows users to track food intake and exercise. The app is known for incorporating mental health and other lifestyle factors into its programs. The company has seen rapid growth since the start of the pandemic, nearly doubling its revenues in 2020. That same year, Noom acquired Opus Growth, a mass media marketing company. The company has received over $650 million in funding from investors including Silver Lake, Serena Ventures, Samsung Ventures, Sequoia Ventures, and Anchor Capital. TechCrunch reports that the company could be looking towards an IPO with a $10 billion post-money valuation.
Noom does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Noom will be known as it becomes public. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT).
| Date | Funding Round | Funding Raised | Price per Share | IPO Valuation |
|---|---|---|---|---|
| 5/25/2021 | Series F and F-1 | $540MM raised | $XXX.XX | $XXX.XX |
| 5/6/2019 | Series E | $55.71MM raised | $XXX.XX | $XXX.XX |
| 2/28/2018 | Series D | $16.01MM raised | $XXX.XX | $XXX.XX |
| 12/20/2016 | Series C | $14.5MM raised | $XXX.XX | $XXX.XX |
| 4/1/2015 | Series B | $17MM raised | $XXX.XX | $XXX.XX |
| 12/19/2014 | Series A | $14.45MM raised | $XXX.XX | $XXX.XX |
| 2/4/2014 | Series AA-1, AA-2, AA-3 and AA-4 | $1.13MM raised | $XXX.XX | $XXX.XX |
Noom is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Noom pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Noom is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
