How to buy Oscar Health IPO – A Handy Guide by Professionals

Oscar Health has finally filed to go public. However, unlike most new listings, Oscar Health won’t be raising funds by issuing new shares. Instead, they’ll have their existing shares traded publicly on the NYSE. This is called a direct listing.

Oscar is the first health insurance company built around a full stack technology platform and a relentless focus on serving our members.

In a direct listing, also known as a direct placement, there are no intermediaries (i.e. investment banks) involved in the process to underwrite the offering; the trading price of Oscar Health shares will be defined by the market’s risk appetite.

The trick here is to use a brokerage that will instantly list the symbol (ticker) of the company as soon as the trading starts on the NYSE. This is especially important if you’re a trader (not a buy&hold investor) and want to flip the stock for a profit.

IPOs are risky investments. If you want to invest in one, make sure you are well-informed.

If you would like to take a step back and read about how to buy shares online, click here.

We recommend you read the IPO prospectus at the following link: Oscar Health IPO prospectus.

How to buy Oscar Health IPO

Top brokers for buying Oscar Health shares

We’ve collected the most recommended brokers that offer trades on the NYSE and which – in our experience – are quick to add new IPOs like Oscar Health.

Interactive Brokers Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC. Visit broker
Alpaca Trading Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA: Visit broker
TradeStation Global TradeStation Global is an introducing broker of Interactive Brokers. This practically means that assets and cash are held with Interactive Brokers, but services like fees and customer support are provided by TradeStation Global. TradeStation Global is regulated by the top-tier UK FCA. Visit broker
Zacks Trade Zacks Trade is a US discount broker that also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by the SIPC scheme, up to $500,000 (including a $250,000 limit for cash). Visit broker
Saxo Bank Saxo Bank is a Danish investment bank. It is regulated by several financial authorities globally, including the top-tier UK FCA. Visit broker
How to buy Oscar Health IPO

Fees for trading Oscar Health stocks

Let’s take a look at the fees for trading Oscar Health shares at our five recommended brokers

You have to count with different kind of fees when you are trading with Oscar Health shares.

Commission is a fee, based on the traded volume or a flat fee per trade. For example, 0.1% of €10,000, $5/trade or $0.005/share.

Needless to say, these are different at each broker. Let’s see the fees of trading with Oscar Health shares at our recommended brokers.

Oscar Health stock fees
 Saxo BankFusion MarketsCMC MarketsInteractive BrokersCapital.com
EURUSD spread0.80.00.70.10.6
GBPUSD spread1.30.20.90.31.3
AUDUSD spread0.80.00.70.10.6
EURCHF spread1.40.62.50.42.2
EURGBP spread1.40.31.10.21.5
How to buy Oscar Health IPO

The Bottom Line

You can buy the stock on the NYSE as soon as it starts trading.

Simply follow these four easy steps:

  1. Find a broker
  2. Open your account
  3. Fund the account
  4. Buy the stock

It may look tricky at first, but all you need to do is take it step-by-step. Keep in mind that steps 2 and 3 can take time so planning ahead is usually a wise thing if you want to trade Oscar Health shares on day 1.

If you want to deepen your knowledge about IPOs, check out our article about investing in IPOs. If you’re still unsure, use our broker finder tool to discover the best online broker that suits your needs.

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