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Noom valuation

Noom Inc, the operator of the popular U.S. weight loss app, has hired investment bank Goldman Sachs Group Inc (GS.N) to lead its preparations for an initial public offering (IPO), according to.

The New York-based company aims to more than double its valuation from its May private fundraising round when investors led by buyout firm Silver Lake valued it at $3.7 billion, the sources said.

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Noom, the operator of the weight loss out with countless TV commercials, is said to hire Goldman Sachs for an IPO.Noom is targeting an $8B valuation, double the amount it was.

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