PomDoctor Debuts On Nasdaq Ahead Of New Listing Rules

The online medical services provider raised about $20 million after pricing its shares at the bottom of their range – below a Nasdaq-proposed new minimum threshold of $25 millionKey Takeaways:PomDoctor priced its IPO shares at the bottom of their range, seeking a high P/S ratio of nearly 10 that values the company at $472 millionThe company was racing to complete its listing before the rollout of new Nasdaq rules that will require all new foreign listings to raise at least $25 millionJust last month we wrot ...