Insurance platform Ethos Technologies, backers raise about $200 million in US IPO

Jan 28 (Reuters) - Ethos Technologies and some of its shareholders raised about 200millioninaU.S.initialpublicoffering,theinsuranceplatformsaidonWednesday.Thecompanyandthesellingshareholderssold10.5millionsharesat200 million in a U.S. initial public offering, the ​insurance platform said on Wednesday. The company and the selling shareholders ‌sold 10.5 million shares at 19 apiece, the midpoint of its targeted range of 18to18 to 20 a ‌share. The IPO valued Ethos at about $1.2 billion, based on the number of shares outstanding mentioned in its prospectus. Ethos, backed by venture capital firms Accel and Sequoia, said its platform and ...

Insurance platform Ethos Technologies, backers raise about $200 million in US IPO - Reportify