Oscar Health (NYSE:OSCR) stock is taking a beating on Wednesday as its shares start trading for the first time with its initial public offering (IPO).

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Here’s everything potential investors in OSCR stock need to know about the offering.
- Oscar Health started trading on the New York Stock Exchange today with an IPO that ends on Friday.
- The offering includes a total of 37,041,026 shares of OSCR stock at a price of $39 each.
- Of those shares, 36,391,946 are being offered directly from Oscar Health.
- The remaining 649,080 shares come from certain existing shareholders.
- OSCR won’t receive any proceeds from the sale of the shares offered by existing stockholders.
- The Oscar Health IPO also includes a 30-day option for underwriters to purchase an additional 5,556,153 shares.
- Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), and Allen & Company are the lead managing bookrunners of the IPO.
- Wells Fargo (NYSE:WFC) is also acting as the managing bookrunner.
- Credit Suisse (NYSE:CS) and Bank of America (NYSE:BAC) are other bookrunners of the IPO.
- Cowen (NASDAQ:COWN) and LionTree are co-managers of the offering.
- Ramirez & Co. and Siebert Williams Shank are junior co-managers for the IPO.
- More than 11 million shares of OSCR stock have changed hands as of his writing.
- It’s also worth noting that shares of the stock actually started trading at $36 each when trading started at about noon.
- Shares of the stock have continued to rise and fall since then, but are mostly hovering around the $36 price.
OSCR stock was down 9.1% as of Wednesday afternoon.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.