Those who are interested in the later initial public offerings could have a look at the Oscar Health (OSCR) stock, which went public on Tuesday. In a much anticipated IPO, the company managed to raise in excess of $1 billion.
Oscar Health, which is a Health Insurance outfit, managed to raise more than what it had earmarked in its marketing materials ahead of its IPO. That is an indication that the market is quite confident about the prospects of Oscar Health despite there being considerable doubts about the long-term well-being of the United States healthcare industry. The company, which is made out of New York, set its IPO price at $39 a share and ended up raising to $1.4 billion.
On the basis of the total number of outstanding shares, the company now commands a market capitalization of as cosmic as $7.9 billion. Investors could consider keeping track of the Oscar Health stock this morning.