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Oscar provides health insurance products and services to individuals, families and businesses in the United States. The company was formerly known as Mulberry Health Inc. and was renamed “Oscar Health, Inc.”. January 2021.
On March 3, 2021, Oscar sold approximately 37 million shares in its initial public offering (“IPO”) at a price of $39.00 per share, raising nearly $1.4 billion in new capital.
On May 13, 2021, the company announced its financial results for the first quarter of 2021. It reported a loss of US$87.4 million or a loss of US$0.98 per share, which was far lower than the analyst’s expected loss of US$0.53 per share.
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If you have purchased Oscar securities, have information or want to learn more about these claims, or have any questions about this announcement or your rights or interests in these matters, please contact Frank R. Cruz, The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 Phone 310-914-5007, email to [email protected], Or visit our website www.frankcruzlaw.com. If you are inquiring via email, please provide your mailing address, phone number and the number of shares purchased.
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