Israeli fintech Pagaya on Wednesday agreed to go public through a merger with special-purpose acquisition company EJF Acquisition Corp in a deal with an enterprise value of $8.5 billion. The deal will include a $200 million private investment in public …
HCI Group, Inc. announced that its insurtech subsidiary, TypTap Insurance Group, Inc., a Florida-based writer of private market homeowners and flood insurance, has confidentially submitted a draft registration statement for a proposed initial public offering with the Securities and Exchange …
A number of insurtech startups are coming to market through blank-check companies. Here are valuations of several that have announced special purpose acquisition company (SPAC) plans. (Reporting by Alwyn Scott)
Hippo Enterprises Inc. wants to change homeowners’ insurance by using customer data to make it faster and easier to get coverage, Hippo’s chief executive said in an interview. The company, which has a $5 billion valuation and is due to …
Hippo Enterprises said it will go public through a merger with a blank-check firm, backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, in a deal that gives the merged entity a pro forma enterprise value of $5 billion. …
Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter. The transaction with Reinvent Technology Partners, a special purpose acquisition company that …
Auto insurer Metromile has attracted $50 million in new investment from a former Uber executive even as it has obtained regulatory approval to formalize a reverse merger deal that will make it a publicly-traded company. Ryan Graves, Uber’s former senior …
Digital insurer Lemonade has announced plans to sell 3 million shares of common stock to raise money for “general corporate purposes.” The New York-based insurtech could raise as much as $808 million, according to its regulatory filing announcing the stock …
Automobile insurance startup Root Inc. sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its target range, to raise $724.4 million, the company said. Root, which has $200 million in debt, sold 26.8 million shares …
Automobile insurance startup Root Inc. said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq, the latest in a line of insurers looking to tap the current boom in U.S. …
