Oscar sets IPO terms
February 23, 2021- Share:
Health insurance provider Oscar is seeking to raise around $1 billion by selling 31 million shares for between $32 and $34 apiece in its initial public offering. At a midpoint price, the IPO would value Oscar at more than $8 billion on a fully diluted basis. The New York-based company was co-founded by Joshua Kushner, the brother of former White House senior adviser Jared Kushner, and has received backing from Tiger Global, Alphabet and Khosla Ventures. Oscar was valued at $3.2 billion in 2018, according to a PitchBook estimate.
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