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