Datapoint: Oscar Plots Initial Public Offering

Insurance startup Oscar on Dec. 21 announced it is preparing an initial public offering of its common stock, “expected to commence after the completion of the SEC review process, subject to market and other conditions,” according to a press release. The insurer is undertaking a hefty expansion in 2021, bringing its individual commercial product offerings to 19 new markets. Oscar currently enrolls 416,998 members, with 95.5% enrolled in individual plans.

Source: AIS’s Directory of Health Plans