Oscar Health is going public and filed an S-1 with the U.S. Securities and Exchange Commission (SEC).
Oscar intends to list its Class A common stock on the New York Stock Exchange (NYSE) under the ticker symbol “OSCR.” The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined, Oscar Health said in a press release.
The New York-based health insurer listed the size of the offering at $100 million, but that is subject to change.
“The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined,” Oscar said in the release. “The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.”
The filing comes following an announcement last year that the company has raised another $140 million amid a major expansion of its health insurance products into four new states and 19 new markets to sell coverage for individuals and families in 2021.
Oscar was founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser, who serves as the company’s CEO. Kushner is managing director of the venture capital firm Thrive Capital Management and brother of former President Donald Trump’s son-in-law Jared. The company name comes from Joshua Kushner’s great-grandfather, the SEC filing says.
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