Teladoc Shares Surge in NYSE Debut as Investors Focus on 'Telehealth'
Teladoc (TDOC) jumped 50 percent in its first day of trading as investors gobbled up shares of the first so-called telehealth company to go public.
Teladoc jumped 50 percent in its first day of trading as investors gobbled up shares of the first so-called 'telehealth' company to go public. Teladoc CEO Jason Gorevic said the technology may be better, but the underlying business has actually been around for ages. 'Doctors and patients have been seeing each other whether in person or remotely for generations,' said Gorevic. 'Long ago it was somebody picking up the phone and calling their family doctor because they needed help. Today we have taken modern technologies to connect patients and physicians remotely, all over the country, 365. And because we have this great technology platform we can do it in incredibly rapid time.' TheStreet's Gregg Greenberg has details from New York.
