Oscar Health pushes global insurance sector’s total IPO proceeds to $1.88B in Q1

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Global insurance and insurtech companies raised about $1.88 billion from eight IPOs in the first quarter of 2021, the highest recorded since the first quarter of 2016, according to an S&P Global Market Intelligence analysis.

In comparison, the sector raised only about $574.1 million from two IPOs in the first quarter of 2020.

Oscar Health Inc.’s $1.42 billion IPO in March was the largest offering in the quarter by size. It also had the highest IPO price at $39 per share.

Alignment Healthcare USA LLC had the second-largest offering with its $390.6 million IPO. Israel-based Wesure Global Tech Ltd.’s $25.7

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Curious About Crypto? Here’s What 10 Financial Experts Think

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Everyday investors are overflowing with cryptocurrency questions, according to the financial advisors hired to answer them. 

There is clearly an “emotional euphoria that seems to be sweeping through the public around cryptocurrency,” says Frederick Stanfield, a CFP with Lifewater Wealth Management in Atlanta, Georgia. 

But for the average person focused on retirement planning and financial

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Business Beat: Coworking On The Rise, Women Shattering Glass Ceilings In Construction

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Here’s the latest business news from around Northern Nevada, with Business Beat from the Northern Nevada Business Weekly.

Local Women Building Careers In Male-Dominated Construction Industry

Despite many barriers, some Reno women are working to shatter the glass ceiling in Northern Nevada’s construction industry. Randi Reed is one such person. She says she was fired after she brought in a commission sheet that would have netted her more money than her male counterparts. She eventually had to win a lawsuit to get the money.

Now, she’s the director of

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OHT Gets $135M Loan for ‘Alfa Lift’

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Oslo-listed offshore heavy transport and wind installation company OHT has received and accepted a firm offer for a USD 135 million Senior Secured Green ECA Credit Facility.

The loan was accepted by OHT’s ship owing company OHT Alfa Lift AS, which is building the offshore wind foundation installation vessel Alfa Lift in China. 

OHT ordered the Alfa Lift on speculation in 2018, and has since secured contracts to install foundations at the world’s largest wind farm – the Dogger Bank in the UK.

Sharing further details on the loan, OHT said Tuesday: “The [loan] facility is for the post-delivery financing

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Indictment charges misuse of $150K COVID-19 loan

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As of the end of March, the U.S. Justice Department said it had charged 474 people with fraud related to the COVID-19 pandemic.

An indictment in federal court in Erie has added another person to the list.

A Mercer County resident with a financial adviser business in Franklin has been indicted in U.S. District Court in Erie on a charge that he misused a $150,000 COVID-19 federal disaster assistance loan from the U.S. Small Business Administration.

The defendant, Martin M. Kobsik, 39, of Stoneboro, near Sandy Lake, is accused of obtaining the loan in April 2020 by falsely claiming that

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Entrepreneurs Are Learning The Art Of Pitching Business Ideas To Inspire Investors And Gain The Capital Needed For Success

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Pitch Masters Academy Event

“Pitch Master’s Academy is giving entrepreneurs the tools to start successful businesses by practicing the steps of delivering a perfect pitch. The intense curriculum is preparing participants to build an efficient pitch deck.”

Pitch Masters Academy – Five influential and experienced entrepreneurs made the “Prepare to Pitch Summit” an unyielding success.

Each speaker brought a unique niche to the summit:

  • Shark Tank TV series and serial entrepreneur Kevin Harrington
  • The leading expert on salesmanship Tom Hopkins
  • Real estate and assisted living authority Gene Guarino
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