trending Market Intelligence /marketintelligence/en/news-insights/trending/f-xf5olgrz2zlhxelrbtyq2 content esgSubNav
In This List

Auto insurance marketplace EverQuote files for IPO

Blog

Fintech Intelligence Digital Newsletter: May 2021

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Fintech Intelligence Digital Newsletter: April 2021

Podcast

Street Talk | Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs


Auto insurance marketplace EverQuote files for IPO

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.