Oscar Health Raises IPO Price; Shares to Start Trading Today
Oscar Health (NYSE: OSCR) lifted the price range of its initial public offering (IPO) on Tuesday. The new pricing is $36 to $38 per each of the 31 million shares being offered, up from the previous $32 to $34. With that enhancement, Oscar Health, a next-generation health insurance provider, stands to reap at least $1.11 billion in gross proceeds from the IPO.
Following the IPO, the company is slated make its debut on the New York Stock Exchange today. Its shares should trade under the ticker symbol OSCR.
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Source Fool.com
