initial public offerings (IPOs) trading on American exchanges

Wednesday, July 28, 2021

Oscar Health (OSCR) began trading on the NYSE on Wed 3 March 21

Oscar Health is a provider of health insurance coverage serving individuals, families, small businesses, and Medicare users. According to Reuters, the company currently provides for 529,000 customers on its technology platform across 18 states.

In 2020, the company said that its customers increased year-over-year by 75%, thanks to the pandemic increasing the demand for healthcare delivery through online, mobile and at-home methods. The insurtech’s premiums also increased last year to $1.67 billion, representing a 60% increase from the previous year.

  • Co-founded by Josh Kushner in 2012, the managing partner of the venture capital firm Thrive Capital, and the son of billionaire real estate developer Charles Kushner.
  • Oscar Health made headlines in 2018, when Google parent company Alphabet took an almost 10% stake in the health insurance startup for $375 million.
  • The company was named after Kushner’s great-grandfather, an immigrant given the name Oscar at Ellis Island, according to a letter in the filing from Kushner and co-founder Mario Schlosser.
Sector(s): Healthcare
Industry: Healthcare Plans

Oscar Health co-founders Josh Kushner and Mario Schlosser.

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