Teladoc IPO

Dallas, Texas-based video visits telehealth company Teladoc has raised $156.

Dallas, Texas-based video visits company Teladoc has updated its IPO filing, which now discloses that the company plans to raise $119 million in its IPO, if it is priced at the high end of its range.

Teladoc's road to IPO may prove to be a bumpy one thanks to a new legal battle with American Well.

Last week, JAMA Internal Medicine published a two-page research letter by the Rand Corporation that played into a national conversation about the efficacy of telemedicine -- specifically Teladoc, a company which is both about to IPO and embroiled in a potentially precedent-setting legal battle with its home state of Texas over whether the Texas Medical Board has the right to regulate the practice of telemedicine.

There's been a cluster of important telemedicine news in the past few days: the AMA is developing ethical guidelines for remote visits, a majority of states now have telemedicine parity laws in place, and details about Teladoc's business came to light through an SEC filing related to its hoped-for IPO.

In late April news broke that remote visits company Teladoc had taken the first steps toward filing for an IPO, but the initial filing was private.