Mario Schlosser, CEO of Oscar Health, joined TheStreet's Katherine Ross to talk about the company's IPO on Wednesday, March 4.
On Tuesday night, Oscar Health priced its IPO at $39 to raise $1.4 billion. The move lifted its pricing for the second time since it unveiled plans to go public.
Oscar Health gets the majority of its revenue from selling insurance plans in the marketplace that was set up by the Affordable Care Act.
The company reported annual revenue of $1.67 billion for 2020 and $1.04 billion for 2019. It posted losses of $407 million and $261 million for those two years, respectively.
Schlosser also discussed the importance of women in the healthcare sector.