Shares of fledgling healthcare company Livongo Health (NASDAQ: LVGO) dropped 43.1% in September, according to data provided by S&P Global Market Intelligence. The company only recently IPO'd on July 25, but it's been a rocky road since then.
September's drop knocked shares down 54.2% from its IPO price. An early October rally was short-lived, and shares are now down 53% since the IPO.
Livongo offers an online wellness platform for those managing chronic illnesses, particularly Type I diabetes. The company hopes to improve clients' health outcomes by collecting data about each user and then prompting them to take some sort of positive action at particular intervals to improve their health outcomes.