Doximity Is Already Profitable and Could Be One of the Hottest IPOs of 2021
Most investors probably haven't heard of Doximity, but you'd be hard-pressed to find a doctor who isn't familiar with this cloud-based digital platform for medical professionals. The company was launched in 2011 with healthcare providers in mind, with an eye toward helping them be more productive and provide better care for their patients. Its customer list includes over 80% of the physicians in the U.S., more than 50% of nurse practitioners and physicians' assistants, and an estimated 90% of graduating medical students in the country.
Not only is Doximity growing its revenue at a robust clip, but the company is already profitable, which is unusual for an early stage company. Doximity, which is going public later this week and will trade on the NYSE with ticker DOCS, it could end up being one of the hottest initial public offerings (IPOs) of 2021.
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Source Fool.com
