One Medical has hired banks ahead of an initial public offering, CNBC reported Tuesday. The primary-care startup has had plans to double its footprint over the next two years after a 2018 infusion of $350 million in funding that valued the company at $1.5 billion. CNBC reports that One Medical has hired JPMorgan and Morgan Stanley ahead of an IPO filing expected by the first quarter 2020. Read the full report over at CNBC. Primary-care startup One Medical has hired banks ahead of an initial public offering, CNBC reported Tuesday.