American Well Corp., a Boston telehealth company known as Amwell, said it plans to sell shares to the public and Google, amid a surge in demand for remote health services.
The company, founded by brothers Ido and Roy Schoenberg in 2006, didn’t disclose the number of shares or target price for its initial public offering. In a registration statement filed Monday with securities regulators, it listed a placeholder value of $100 million.
Amwell said Google, the Internet search unit of Alphabet Inc., has agreed to purchase $100 million of class C shares in a private placement at the same time as the IPO. The company will offer class A shares to the public, while the Schoenbergs will hold class B shares that will give them 51 percent voting power.