Oscar Health prepares IPO: 3 things to know

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Oscar Health is taking its first steps to officially file for an initial public offering, the insurer said Dec. 21.

Three things to know:

1.  Oscar said it confidentially filed a draft registration statement for its IPO. The draft registration, submitted to the U.S. Securities and Exchange Commission, doesn't disclose the size and price range for the proposed IPO.

2. Oscar said the IPO is expected to begin after the SEC completes its review. The IPO is subject to market conditions. 

3. The New York City-based health insurance startup has grown steadily since its founding in 2012. In recent months, Oscar has expanded its partnerships with four providers for 2021 health coverage. Oscar covers about 420,000 Americans.

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