Oscar Health IPO prices above range to raise $1.4 billion

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Oscar Health said that it's priced its initial public offering at $39, raising $1.4 billion. The company twice raised the range of its pricing. Co-Founder Joshua Kushner, the brother of Jared Kushner, the son-in-law of former President Donald Trump, will have 75% control of the company through his Thrive Capital venture firm. Oscar Health gets most of its revenue from selling insurance plans in the marketplace set up by the Affordable Care Act.