SelectQuote Inc said on Friday it was looking to raise about $342 million in an initial public offering that could value the owner of the insurance policy comparison website at more than $3 billion. The company will offer about 18 million shares at between $17 and $19 per share, with selling stockholders offering another 7… Continue reading Insurance Comparison Firm SelectQuoteLooks to Raise $342M in IPO
Tag: IPO
Insurance Comparison Firm SelectQuote Taps Banks for IPO: Sources
SelectQuote has hired investment banks for an initial public offering (IPO) that could value the owner of the eponymous insurance policy comparison website at more than $2 billion, including debt, according to people familiar with the matter. SelectQuote is working with banks that include Morgan Stanley and Credit Suisse Group AG on an IPO that… Continue reading Insurance Comparison Firm SelectQuote Taps Banks for IPO: Sources
ProSight Global Prices Downsized IPO at $14, Well Below the Range
ProSight Global, a specialty property & casualty insurer backed by Goldman Sachs and TPG, raised $110 million by offering 7.9 million shares (45% secondary) at $14, well below the range of $16 to $18. The company originally planned to offer 8.8 million shares (60% secondary). ProSight Global plans to list on the NYSE under the… Continue reading ProSight Global Prices Downsized IPO at $14, Well Below the Range
ProSight Global Readies Terms for IPO
ProSight Global has filed to raise $150 million in an IPO of its common stock, per an amended registration statement. The company provides a variety of specialty insurance coverage for industry verticals. PROS has produced enviable results, has stable loss ratios, an intriguing go-to-market approach and is generating significant earnings, so I’ll be acquiring a… Continue reading ProSight Global Readies Terms for IPO
Lyft Investors Sue Over Slump, Claiming Overhyped IPO
Lyft Inc. was sued by investors who claim the ride-sharing company overstated its market position when it went public last month, leading to a dramatic plunge in its stock price. Two separate class-action complaints against Lyft, as well as its officers and directors and underwriters, were filed Wednesday in state court in the company’s hometown,… Continue reading Lyft Investors Sue Over Slump, Claiming Overhyped IPO