TradeStation
4.7
Visit broker
Webull
4.4
Visit broker

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.

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.

TradeStation TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body. Visit broker
Webull Webull is a discount US stockbroker regulated by the top-tier SEC and FINRA. Visit broker
E*TRADE E*TRADE is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background. Visit broker
TD Ameritrade TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group. Read review
Fidelity Fidelity is a US stockbroker. It is regulated by top-tier authorities SEC and FINRA. Read review

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
TradeStation Webull E*TRADE TD Ameritrade Fidelity
US stock $0.01 per share; min $1 $0 per trade Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading
US stock fees class Low Low Low Low Low
More More More More More
Visit broker Visit broker Visit broker Read review Read review

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.

Author of this article

András Iván

Author of this article

Andras has over 4 years of experience analysing and trading equities and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He's eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

András Iván

Broker Analyst

Andras has over 4 years of experience analysing and trading equities and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He's eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Share

Comments

×