Health insurance provider confidentially filed for an initial public offering, Monday.
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Filing as Mulberry Health, the New York-based company, co-founded by and led by , said it had submitted a draft registration for an IPO to the , but did not disclose the size nor price range for the proposed offering.
Oscar鈥檚 most recent valuation was $3.2 billion, .
The news comes on the heels of a Dec. 17 announcement that the company raised $140 million in a round of funding led by . That round follows a July announcement of $225 million in funding to give Oscar approximately $1.6 billion raised in total since its inception in 2012.
The company offers individual and family plans, Medicare Advantage and small group products. As of Sept. 30, Oscar had approximately 420,000 members across 15 states. The funding comes as Oscar saw growth of 74 percent in direct policy premiums over the past three years. In 2021, Oscar says its policies will be available in 18 states.
The Oscar IPO follows that of fellow venture-backed insurtech company , which began trading in July on the New York Stock Exchange.
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