Oscar falls in trading debut
March 4, 2021- Share:
Shares of health insurance company Oscar dropped more than 10% in their first day of trading on the NYSE to close at $34.80 apiece. The New York company raised $1.4 billion through its IPO on Tuesday, which priced at $39 per share. The company's leading shareholders are co-founder Joshua Kushner's Thrive Capital with 32.9 million shares, Alphabet (24 million) and Founders Fund (21.6 million).
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