EverQuote Inc., an online marketplace for auto insurance, has filed a registration statement for an initial public offering of an unspecified amount of class A common shares.
Selling shareholders are also offering an unspecified number of additional shares as part of the offering. EverQuote will not receive proceeds from the sale by the shareholders.
The proposed maximum offering price, estimated solely to calculate the registration fee, is $75 million.
The company plans to use net proceeds from the IPO for working capital, capital expenditures and general corporate purposes.
J.P. Morgan, Bank of America Merrill Lynch, Canaccord Genuity, JMP Securities, Needham & Co., Oppenheimer & Co., Raymond James and William Blair are listed as underwriters for the offering.
