Oscar Health, Inc. (“Oscar”) today announced the initial public offering price of 37,041,026 Class A common shares at a public price of $ 39.00 per share. Of the shares offered, 36,391,946 shares are offered by Oscar and 649,080 shares are offered by some of Oscar’s existing selling shareholders. The underwriters have a 30-day option to purchase up to 5,556,153 additional Class A common shares of Oscar at the price of the initial public offering, less sales discounts and commissions. Oscar will not receive any proceeds from the sale of shares by the selling shareholders.
The shares are expected to begin trading on the New York Stock Exchange on March 3, 2021 under the symbol “OSCR”. The offer is expected to close on March 5, 2021, subject to customary closing conditions.
Goldman Sachs & Co. LLC, Morgan Stanley and…
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