Insu is a shell company that raised $230 million through its IPO in September with the explicit goal of buying businesses and taking them public. The transaction is expected to close in Q1 2021, and the combined company, Metromile, Inc., will be listed on the Nasdaq.
Insu was likely attracted to Metromile's usage-based insurance model, and its backing will help limit investor concerns once Metromile, Inc. goes public. The insurtech has experienced strong growth for its personalized coverage, although the pandemic set it back somewhat. Metromile is one of the most
this is terrible news
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Dog treats subscription service BarkBox to go public via a $1.6 billion SPAC merger - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Eww
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
EV startup Faraday Future targets $3 billion public debut as SPAC craze continues - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
SPAC investing: CIO explains low-risk arbitrage strategy, IPOs to watch - Business InsiderJulian Klymochko wakes up at 4:30 a.m. to manage an ETF that seeks to profit from the SPAC boom. The investing chief breaks down how the strategy works, and shares 2 new SPACs on his radar My latest insights on the SPAC market 👇 JulianKlymochko Maybe he could sleep in if ia_updates was more cooperative? Still waiting to buy :(
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Key findings as SoFi prepares to go public via SPAC - Business Insider5 big revelations in SoFi's plans to go public, including how the fintech is thinking about the future of student debt and the importance of a bank charter GabrielVaraljay
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Lidar is Wall Street's new SPAC obsession, despite Elon Musk - Business InsiderWall Street's new SPAC obsession is a technology Elon Musk mocks as a 'fool's errand.' Here's why investors think he's wrong. SPACs sell off here we come if Daddy Musk says this
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »