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Doximity (DOCS) has IPO on New York Stock Exchange

Doximity (DOCS) has IPO on New York Stock Exchange

Doximity’s revenue climbed 77% in the latest fiscal year to $206.9 million, and net income jumped 69% to $50.2 million.Founded in 2011, Doximity has established itself as the LinkedIn for doctors and now has over 1.8 million medical professionals on its network.The company makes money primarily by allowing drugmakers to promote products and services to doctors and as a recruiting tool for medical systems. Doximity, the company that describes itself as the LinkedIn for doctors, more than doubled in its stock market debut on Thursday after raising close to $500 million in its IPO. Doximity sold 19 million shares for…
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