Google-Backed 1Life Healthcare Raises $245 Million in U.S. IPO

1Life Healthcare Inc., a provider of tech-driven primary care clinics under the One Medical brand, priced its U.S. initial public offering at the bottom of a target range to raise $245 million.

The company sold 17.5 million shares for $14 each Thursday, according to a statement. 1Life Healthcare, which had marketed the shares for $14 to $16 each, is valued in the IPO at about $1.7 billion based on the outstanding shares listed in its filings.

1Life Healthcare’s listing may signal investors’ interest level in listings by money-losing growth companies. It sold its shares on the same day ...