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Stock impact report

US insurtech company Ethos begins IPO roadshow, seeks up to $1.3bn valuation [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
Ethos filed for an IPO with the US Securities and Exchange Commission in September of last year. Combined, the company and its shareholders intend to raise up to $211m by offering approximately 10.5 million shares. Of the total, Ethos will directly offer 5.1 million shares, with investors including Alphabet's GV and General Catalyst divesting roughly 5.4 million shares. The price range for the offering has been set at $18–20 per share. Following completion, Ethos expects its Class A common stock to trade under the ticker 'LIFE' on the Nasdaq Global Select Market. Ethos operates a technology platform intended to streamline several aspects of life insurance operations such as distribution, underwriting, activation, payments and administration. The company's system is designed to bring various insurance processes onto a single platform and enable product development and pricing adjustments. Its application process integrates real-time validation against third-party data, a Show less Read more
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