(Reuters) -Shares of Omada Health rose 21% in their Nasdaq debut on Friday, valuing the virtual chronic care provider at $1.28 billion. The robust debut underscores a steady recovery in investor appetite for new listings at a time when U.

Shares of Omada Health finished their trading debut on the Nasdaq above their IPO price after the virtual chronic care firm priced its initial public offering in the middle of its expected range.

The team at Omada Health took a victory lap Friday after the company's successful Nasdaq debut, according to company president Wei-Li Shao. | The team at Omada Health took a victory lap Friday after the company's successful Nasdaq debut,