Root Inc., the parent company of Root Insurance, launched its initial public offering and is looking at a valuation of as much as $6.34 billion.
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Root Insurance Stock |
Provider of an online car insurance platform intended to calculate insurance premiums based upon driver behavior. The company's platform uses smartphone technology to understand individual driving behavior such as hard brakes, aggressive turns, and mileage driven and gives good drivers the rates they deserve, enabling drivers to get personalized car insurance at an affordable price.
Root Inc., the parent company of Root Insurance, launched its initial public offering and is looking at a valuation of as much as $6.34 billion.
The firm uses a mobile app to sign people up for car insurance and competes against more established firms like Geico and Allstate.
During the week’s news cycle one particular bit of reporting slipped under our radar: Root Insurance is tipped by Reuters to be prepping an IPO that could value the neo-insurance provider at around $6 billion. Coming after two 2020 insurtech IPOs, Root’s steps toward the public markets …
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