Telehealth company Amwell’s IPO…

“Telehealth company, Amwell (AMWL) formerly known as American Well has filed with SEC to raise up to $100M in IPO.”

“ Concurrently, the company entered into a stock purchase agreement with Google LLC, to issue $100M of Class C common stock at a price equal to IPO price and will be contingent upon its closing.”

A new competitor entering in the market backed by Google.

I think it is a positive news, reflecting how much potential the market has.