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Stock impact report

Insurance Platform Ethos Said to Price IPO at Midpoint of Range [Yahoo! Finance Canada]

Neptune Insurance Holdings Inc. Class A (NP) 
Last neptune insurance holdings inc. class a earnings: 2/18 05:00 pm Check Earnings Report
Most Read from Bloomberg Details of the offering could still change, the person said, asking not to be identified as the information isn't public. A representative for Ethos declined to comment. The company is led by co-founders Peter Colis and Lingke Wang, its chief executive officer and president respectively. The platform enables users to find and sign up for life insurance policies. Users can secure life insurance without a medical exam in just 10 minutes, according to its website. It was last valued at $2.7 billion in a funding round led by SoftBank Vision Fund 2 that was announced in July 2021. Ethos had net income of $46.6 million on revenue of $277.5 million for the nine months ended Sept. 30, compared with net income of $39.3 million on revenue of $188.4 million from a year earlier, according to the filing. Ethos follows several US-based insurance-sector companies going public in recent months, including Neptune Insurance Holdings Inc., Slide Insurance Holdings Inc Show less Read more
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