techcrunch.com
Ethos Technologies, a life insurance software provider, is going public on Thursday with a valuation between $1.2 billion and $1.3 billion. The IPO is expected to raise over $100 million. Backed by major investors like Sequoia, Accel, and GV, and previously valued at $2.7 billion in 2021, Ethos is notably profitable, reporting nearly $278 million in revenue and $46.6 million in net income for the nine months ending September 30. Sequoia and Accel are not selling shares.
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