Shares of Oscar Health Dip in NYSE Market Debut, Begins Trading at $36 Per Share nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
(Reuters) - Shares of Oscar Health fell more than 7% in their stock market debut on Wednesday, fetching a valuation of just over $7 billion for the health insurance startup backed by Google parent Alphabet Inc.
The company’s shares opened at $36 on the New York Stock Exchange, below its initial public offering (IPO) price of $39 per share. Oscar Health raised $1.2 billion from its offering of 31 million shares on Tuesday, after increasing the price range.
Oscar Health is yet to bring in a profit but saw its customers grow 75% in 2020 as more people sought remote healthcare during the COVID-19 pandemic, supercharging the telemedicine market and prompting companies to expand their scale.
I want to make hearts in space | Business thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
(Reuters) - Oscar Health, a health insurance start-up backed by Google parent Alphabet Inc, filed for an initial public offering on Friday, looking to cash in on the surge in demand for digital health services during the COVID-19 pandemic.
The New York-based company, which has about 529,000 users, enables scheduling physician visits, checking lab results, emergency virtual appointments and prescription refill through its mobile app or online platform.
Oscar Health was founded in 2012 by Mario Schlosser, Kevin Nazemi, who is no longer a part of the company, and Josh Kushner, brother of former U.S. President Donald Trump’s adviser and son-in-law Jared Kushner.
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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Hims cofounders Hilary Coles and Andrew Dudum Hims
Hims CEO Andrew Dudum tells Insider he s very optimistic about healthcare under Biden.
The company provides telemedicine and prescriptions for issues ranging from hair loss to mental health.
Biden s healthcare team is positioned to work across political divides and geographies, Dudum says.
Hims CEO Andrew Dudum, a digital health company best known for providing men s wellness products, says he s very optimistic about the future of health care under the new Biden administration.