Fierce Healthcare March 3, 2021
Oscar Health raised $1.4 billion in its stock listing.
The tech-enabled insurer listed its shares on the New York Stock Exchange on Wednesday, pricing 37 million shares at $39 each, the company announced.
The initial public offering puts Oscar on pace for a $7.9 billion valuation, according to Yahoo Finance. Renaissance Capital analysts place the company at a $9.5 billion valuation, 22% higher than they previously projected.
Oscar Health initially said in late February that it would list with 31 million shares priced between $32 and $34 each. The company will trade on NYSE under the ticker “OSCR.”
Meghan Joyce, chief operating officer at Oscar Health, told Fierce Healthcare that the insurer sees its IPO as a significant opportunity to...
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