Tuesday, 2 Jun 2020

Insurance comparison firm SelectQuote prices IPO at above target: source

NEW YORK (Reuters) – U.S. insurance policy comparison website SelectQuote SLQT.N on Wednesday is set to sell shares in its initial public offering at $20, above its targeted range of $17 and $19 per share, according to a person familiar with the matter.

Some 28.5 million shares were sold in the IPO, the source said, a larger amount than the 25 million originally offered by the company and selling stockholders offering another 7 million shares in the IPO.

Overland Park, Kansas-based SelectQuote declined to comment.

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