Let $G$ be a linear algebraic group over an algebraically closed field, and let $H$ be a closed subgroup. Identify all groups with their closed points. General theory guarantees the structure of a quasiprojective variety on the space of cosets $G/H$ in the quotient topology.
This is done by constructing a rational representation $\pi: G \rightarrow \textrm{GL}(V)$, together with an element $0 \neq v \in V$, such that $H$ is the stabilizer in $G$ of the line $[v]$ through $v$, and $\mathfrak h$ is the stabilizer in $\mathfrak g$ the same line. The representation induces an action of $G$ on $\mathbb{P}(V)$, and $G/H$ is given its variety structure via the resulting bijection with the orbit $G[v]$.
Let $G = \mathbb{G}_m$, and let $H = \{ \pm 1 \}$. The quotient $G/H$ is a one dimensional algebraic group consisting of semisimple elements, so it should be isomorphic to $\mathbb{G}_m$. I'm wondering how one can construct an explicit isomorphism of $G/H$ with $\mathbb{G}_m$.