Startup Personal Lines Insurer Root Looking to Raise $604 Million in IPO October 20, 2020 Automobile insurance startup Root Inc. said on Tuesday it plans to raise as much as $604.1 million in its initial...
Insurance Acquisition Completes Shift Auto Retailer Deal; IPO Launches October 16, 2020 Shares of Shift Technologies Inc. fell 6.7% in their Nasdaq debut on Thursday after the online used-car seller went public...
Senator Calls on U.S. to Delay IPO by China’s Ant Group October 12, 2020 By Alexandra Alper Senator Marco Rubio, who has successfully urged the Trump administration to pursue investigations of Chinese companies, called on Friday for...
China’s Ping An-Backed Lufax Files for $3 Billion U.S. IPO October 9, 2020 Lufax Holding Ltd., one of China’s largest online wealth management platforms, on Wednesday filed to list its shares in the...
Analysts Say U.S. Restrictions Unlikely to Hurt Ant Group’s $35 Billion IPO October 8, 2020 By Scott Murdoch and Julie Zhu Ant Group’s $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial...
Personal Lines Insurtech Root Files IPO Proposal with SEC October 6, 2020 By Andrew G. Simpson Root, Inc., the parent company of Root Insurance Co., has filed a registration statement with the Securities and Exchange Commission...
Ant Group Eyes Raising $17.5 Billion via Hong Kong IPO Without Cornerstone Investors September 24, 2020 China’s Ant Group plans to raise about half of its $35 billion dual listing via the Hong Kong leg, without...
Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion September 20, 2020 By Gillian Tan and Katie Roof Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about...
Post-Covid Cold War World Will Be Tough for China’s Ant: Opionion August 28, 2020 By Nisha Gopalan, Bloomberg Opinion Ensconced in a lucrative niche at home, Jack Ma’s Ant Group nevertheless has to look outward. And expanding overseas has...
Alibaba’s Ant Group Files for Dual Listing; Could Be World’s Largest IPO Ever August 25, 2020 By Julie Zhu Ant Group, Alibaba’s fintech arm and China’s dominant mobile payments firm, filed for a dual listing in Hong Kong and...