Oscar Health Insurance Co
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general_info_on Oscar Health Insurance
about_the_company
name
Oscar Health Insurance
industry
Health Insurance
employees
1001-5000
founding_year
2012
ticker
OSCR
filing_information
ipo_file_date
22/02/2021
nr_of_shares
31,000,000
price
$32-$34
exchange
New York Stock Exchange
bookrunners
Goldman Sachs, Morgan Stanley, Allen & Co, Wells Fargo
Who is Oscar Health Insurance?
Founded in 2012, Oscar is a technology-driven health insurance company that focuses on telemedicine, healthcare, and transparent claims pricing systems for patients. Oscar Health Insurance is headquartered in New York.
Oscar Health Insurance IPO statistics
The company is looking to raise about $1.05 billion through its initial public offering. The price range implies a market cap of $7.05 billion to $8 billion.
What is Oscar Health valuation?
Oscar was valued at $3.2 billion in a funding round in early 2019. Google parent company, Alphabet Inc., is its biggest shareholder with about an 18% pre-IPO ownership stake.
Basic info about Oscar Health
- Mario Schlosser, Josh Kushner, and Kevin Nazemi – classmates at Harvard Business School – founded the company. Kushner is a brother of former White House adviser Jared Kushner, son-in-law of the previous U.S. president.
- Oscar is now the third-largest for-profit national insurer in the Individual market in the United States based on membership.
- Oscar Health is funded by 28 investors. Fidelity and Alphabet are amongst its biggest investors with $400 million and $375 million, respectively.
Sources: marketwatch.com, crunchbase.com, sec.gov
summary
ticker
OSCR
price
$32-$34
exchange
New York Stock Exchange
bookrunners
Goldman Sachs, Morgan Stanley, Allen & Co, Wells Fargo
key_points
ipo_quick_overview Oscar Health Insurance ipoOscar Health Insurance
Total number of members (as of Jan 31st, 2021)
529K
Direct policy premiums (at Dec 31st, 2020)
$2.3B
Subscribing members who are monthly active users (as of Dec 31st, 2020)
47%
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sneak_peak Oscar Health Insurance ipo sneak_peak
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status
ipo_status_available
ipo_date
03/03/2021
price
$32-$34
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