Omada Health is making its public-market debut, propelled by Americans’ renewed focus on how weight affects physical health.

(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.

The IPO market is starting to feel healthier. Omada Health, a 14-year-old company providing virtual care for chronic conditions like diabetes and hypertension between office visits, closed its first trading day on Friday at $23 a share, a 21% jump from the IPO price of $19.