insurance IPO News

Brazil’s State-Owned Caixa Again Postpones IPO of Its Insurance Unit

Brazilian state-owned lender Caixa Economica Federal said on Thursday that it had indefinitely postponed plans for an initial public offering of its insurance unit Caixa Seguridade, the second time this year the high-profile deal has been put off. Caixa Economica …

Update: Online Insurer Lemonade Raises $319M During U.S. Stock Market Debut

Lemonade Inc., the online home insurance provider backed by SoftBank Group Corp., jumped as much as 86% after raising $319 million in its U.S. initial public offering. [inline-ad-1] Shares of the company opened at $50.06 and rose as high as …

Insurance Startup Lemonade Increases Target Price Range for IPO

SoftBank Group Corp.-backed insurance startup Lemonade Inc on Wednesday increased the target range for its U.S. initial public offering, looking to raise up to $308 million at a market capitalization of $1.54 billion. The company intends to sell 11 million …

Insurer Lemonade Seeks to Raise $286 Million in IPO

Insurance startup Lemonade Inc., which is backed by SoftBank Group Corp., said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains momentum after COVID-19 put many …

Digital Insurance Agency EverQuote’s IPO Begins Today at $18 Per Share

Cambridge, Mass.-based online insurance agency EverQuote Inc. announced the pricing of its initial public offering of 4,687,500 shares of its Class A common stock at a public offering price of $18 per share. The shares are scheduled to begin trading …

Digital Insurance Agency EverQuote Launches IPO

Cambridge, Mass.-based online insurance agency EverQuote Inc. has commenced an initial public offering it hopes will produce $43.2 million in net proceeds for the company. EverQuote is offering 3,125,000 shares of its Class A common stock at an initial public …

Japan Post’s IPO Raises $12B in Country’s Biggest Privatization Since 1987

Japan Post Holdings and its two financial units burst out of the gate with gains of 16 to 33 percent on debut on Wednesday, after the government raised $12 billion from the triple IPO in Japan’s biggest privatization since 1987. …

Ironshore Files for $100M IPO

Ironshore Inc., the insurer led by executives who left American International Group Inc. in the financial crisis, filed for a $100 million initial public offering so that its backers can reduce their stakes. Bank of America Corp. and UBS AG …