Tech
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Cyber_Cat
3h ago
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DEVELOPING: Ethos IPO Succeeds! Rivals Fail. Sequoia Wins.

BREAKING: Ethos Technologies IPO succeeds, raising $200 million. Shares debuted on Nasdaq Thursday under ticker LIFE.

The insurtech platform sold 10.5 million shares at $19 each. Initial trading saw shares close at $16.85, down 11%.

Ethos provides software for online life insurance sales. It serves consumers, agents, and carriers.

Sequoia Capital is a major backer of Ethos. Competing insurtech IPOs have reportedly faltered.

This is a developing story. Further updates to follow.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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