Ethos Moves Forward with Initial Public Offering Plans

Ethos Takes a Significant Step Towards IPO

Ethos, a prominent player in the life insurance technology industry, has made headlines with its recent announcement about filing a registration statement with the U.S. Securities and Exchange Commission. This filing is related to the proposed initial public offering (IPO) of its Class A common stock, a move that indicates Ethos's commitment to enhancing financial accessibility in the insurance sector.

Details on the Initial Public Offering

While the exact number of shares to be offered and the pricing details have yet to be established, this shift suggests that Ethos aims to increase its market presence significantly. The planned listing for the Class A common stock will occur on the Nasdaq Global Select Market, operating under the ticker symbol “LIFE.” This ticker not only embodies the essence of the company but also emphasizes its focus on life insurance solutions.

Leading Financial Partners for the Offering

To ensure a successful launch, Ethos has secured the services of prestigious financial institutions. Goldman Sachs & Co. LLC and J.P. Morgan are set to serve as lead book-running managers. Additionally, investment firms including BofA Securities, Barclays, Citigroup, and Deutsche Bank Securities will lend their expertise as additional book-running managers. Citizens Capital Markets, William Blair, and Baird will also play important roles as co-managers for the offering. This collaboration showcases Ethos's strategic approach to navigating the public market.

Accessing the Preliminary Prospectus

As with any public offering, prospective investors and interested parties will be able to access the preliminary prospectus related to the offering. Once available, it can be obtained from Goldman Sachs & Co. LLC or J.P. Morgan Securities LLC. This transparency is critical, as it allows potential investors to make informed decisions based on the details outlined in the prospectus.

Understanding the Ethos Mission

Ethos's core mission revolves around democratizing access to life insurance. The company strives to protect families by offering innovative solutions that simplify the insurance buying process. Ethos stands out in the market with its three-sided technology platform, designed to provide a seamless experience for consumers, agents, and carriers alike.

Transforming the Life Insurance Landscape

By leveraging advanced technology, Ethos enables individuals to secure life insurance coverage with minimal steps. This process typically requires no medical exams and only a few health-related questions. Such a streamlined approach eliminates traditional barriers that have made it challenging for many to obtain life insurance in the past. Through these efforts, Ethos has managed to issue billions in coverage each month, redefining how consumers engage with life insurance products.

Media and Investor Relations Contact Information

For media inquiries, Allyson Savage serves as the VP of Communications at Ethos. She can be reached at Press@ethos.com.

For investor relations, you can contact Aaron Turner, VP of Investor Relations, at IR@ethos.com. Ethos is committed to maintaining transparency and open communication with all stakeholders.

Frequently Asked Questions

What is the ticker symbol for Ethos's proposed IPO?

The ticker symbol for Ethos's proposed IPO is “LIFE.”

Who are the lead managers for the Ethos IPO?

Goldman Sachs & Co. LLC and J.P. Morgan are acting as the lead book-running managers for the offering.

What is the mission of Ethos?

Ethos aims to democratize access to life insurance and empower families by providing easy and accessible coverage options.

What does Ethos's insurance platform offer?

Ethos's platform offers instant life insurance products with a simplified application process, typically requiring no medical exams.

How can I obtain the preliminary prospectus for the offering?

Once available, the preliminary prospectus can be obtained from Goldman Sachs or J.P. Morgan Securities LLC.

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