VC-backed Oscar files confidentially for IPO

New York City-based Oscar, a health insurance startup, has filed confidentially for an IPO, according to paperwork filed with the SEC.

New York City-based Oscar, a health insurance startup, has filed confidentially for an IPO, according to paperwork filed with the SEC. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. Oscar’s backers include Tiger Global Management LLC, Dragoneer, Baillie Gifford, Coatue, Founders Fund, Khosla, Lakestar and Reinvent.

PRESS RELEASE

NEW YORK, New York — Mulberry Health Inc., d/b/a Oscar, announced that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the “SEC”) relating to its proposed initial public offering of its common stock. The size and price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the completion of the SEC review process, subject to market and other conditions.

This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the “Securities Act”) and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

About Oscar
Oscar is the first health insurance company built around a full stack technology platform and a relentless focus on serving its members. At Oscar, our mission is to make a healthier life accessible and affordable for all.

Headquartered in New York City, Oscar has been challenging the health care system’s status quo since our founding in 2012. The company’s member-first philosophy and innovative approach to care has earned us the trust of more than 420,000 Americans across 211 counties. We offer Individual & Family, Small Group and Medicare Advantage plans. Our members benefit from 24/7 telemedicine visits at no additional cost, integrated direct scheduling with providers through our innovative app, a network of first-rate physicians and hospitals, as well as a personalized Care Team that supports members every step of the way, from finding a doctor to navigating costs. We create experiences that reflect the kind of health care company we would want for ourselves—one that behaves like a doctor in the family, helping us navigate the health care system in our moments of greatest need.