Ping An and Alphabet-backed health insurer Oscar priced an upsized offering on the New York Stock Exchange above its range to raise $1.44bn.
US-based digital health insurance provider Oscar Health is going public today in a $1.44bn initial public offering that will represent an exit for internet technology group Alphabet and insurer Ping An.
The offering will consist of approximately 37 million shares issued on the New York Stock Exchange priced at $39.00 each, approximately 650,000 of which are being divested by Oscar’s shareholders.
The amount of shares was increased from 31 million and the price was above the $32 to $34m range…
