SA¹ú¼Ê´«Ã½

Venture

Root Seeks $6.34B Valuation In Pending IPO

, the parent company of, launched its and is looking at a valuation of as much as $6.34 billion, .

Subscribe to the SA¹ú¼Ê´«Ã½ Daily

The Columbus, Ohio-based startup has attracted approximately since the company was founded in 2015, according to SA¹ú¼Ê´«Ã½ data.

We last checked in on Root Insurance back in September 2019, when the company raised a $350 million Series E round led by and. At the time, the company was valued at $3.65 billion.

Root is offering 24.2 million shares and targeting $22 to $25 per share and intends to list on the Nasdaq under the ticker symbol ROOT.

Illustration:

Stay up to date with recent funding rounds, acquisitions, and more with the SA¹ú¼Ê´«Ã½ Daily.

67.1K Followers

CTA

Discover and act on private market opportunities with predictive company intelligence.

Copy link