Online health insurance platform Oscar Health has filed for an initial public offering.
The company plans to list its Class A common stock on the New York Stock Exchange. If approved, the company will list under name OSCR.
Goldman Sachs & Co., Morgan Stanley and Allen & Company LLC are acting as the lean managing bookrunners for the offering, with Wells Fargo Securities also serving as a managing bookrunner. BofA Securities and Credit Suisse will be bookrunners.
Cowen and LionTree will act as co-managers, with Ramirez & Co. and Siebert Williams Shank serving as junior co-managers for the proposed offering.
Founded in 2012, Oscar offers a mobile app which improves the engagement of consumers and their health. The platform supplies personalised support to help members get the most of their healthcare and ensure they stay healthy.
The InsurTech company raised $225m in June 2020 from investors, including Alphabet, General Catalyst, Khosla Ventures, Lakestar and Thrive Capital.
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