RTPZ - Online insurance marketplace Policygenius planning IPO sooner rather than later

Insurtech Policygenius is considering an initial public at some point likely in the not too distant future."We are heading towards profitable and we are thinking about what's next for us on the capital markets horizon and maybe going public sooner rather than later." Policygenius co-founder and CEO Jennifer Fitzgerald said in an interview with NPR podcast "How I Built This With Guy Raz" late last month.Fitzgerald and her partner Francois de Lame created Policygenius in 2014 after they both left jobs at consulting firm McKinsey The online insurance marketplace now has more than 30M users.Policygenius eventually plans to offer insurance policies of its own, according to Fitzgerald."We have actually built out every single layer that we would to also be an insurance company except for the balance sheet to take on the risk," Fitzgerald told the podcast.Policygenius competitors include public companies such as SelectQuote (SLQT), Lemonade (LMND) and Hippo, which

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Online insurance marketplace Policygenius planning IPO sooner rather than later