Yet another company is poised to take advantage of the booming IPO market. The parent company of Oscar, the online health insurance company, confidentially filed with the Securities and Exchange Commission to go public in an initial public offering. The startup has raised an estimated $1.64 billion to date, PitchBook data shows. Among Oscar’s co-founders is Joshua Kushner, brother of Trump...
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The Takeaway Asia
What the Heck Is Going On in China?
It’s been a few months of startling headlines out of the China tech sector as the government has initiated an unprecedented crackdown across all corners of China’s tech economy. More on why it is happening later—first let’s consider some of the carnage.
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