Is This Hot IPO Stock a Better Buy Than Teladoc Health?

This year will be remembered for lots of things. The COVID-19 pandemic, of course. The wild stock market roller coaster ride. The most named tropical storms in history.

But 2020 will also be known as a great year for initial public offerings (IPOs).

While Snowflake's IPO has received the most attention, another company that's a leader in a fast-growing market also recently went public. Telehealth services provider American Well (NYSE: AMWL) priced its IPO at $18 per share, higher than the $14 to $16 range that the company initially projected. The stock opened on Sept. 17 nearly 42% higher than its IPO price. 

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Source Fool.com