Oscar Health CEO: We ll play key role in lowering US health costs yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Rocket, Oscar Health, Marvell and Lyft - 5 Things You Must Know Wednesday TheStreet 3/3/2021
Here are five things you must know for Wednesday, March 3:
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1. Stock Futures Point to a Wall Street Rebound
Stock futures pointed to a rebound for Wall Street on Wednesday, with tech stocks, which have faced questions about valuations, leading the gains.
Contracts linked to the Dow Jones Industrial Average rose 219 points, S&P 500 futures gained 24 points and Nasdaq futures were up 95 points.
With fears of higher interest rates front and center, investors have been questioning how much they re willing to pay for equities, particularly high-flying tech stocks.
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.
Alphabet-Backed Startup Insurer Oscar Health Raises $1.2 Billion in IPO By Chibuike Oguh | March 3, 2021
Oscar Health Inc., a health insurance startup backed by Google parent Alphabet Inc., sold shares in its initial public offering (IPO) on Tuesday at $39 apiece, above its target range, to raise $1.2 billion.
The IPO gives New York-based Oscar Health a market value of $7.7 billion. The target price range on the offering of 31 million shares was raised earlier on Tuesday to $36-$38 per share, up from $32-$34.
Oscar Health sells health insurance coverage to individuals, families, small businesses and Medicare users, with 529,000 customers on its technology platform across 18 states. In 2020, Oscar Health said its customers grew 75% year-on-year as the COVID-19 pandemic increased demand for healthcare delivery through online, mobile and at-home methods.