RTPZ News and Press, Reinvent Technology Partners Z Class A From 06/06/21

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 a...

Shares of Root are down by 70% from all-time highs. Investors point to a high loss ratio and high cash burn rate as the culprits. However, improving operating metrics, high growth potential, and attractive valuation may cause a reversal in share prices. Although cheap, investo...

Hippo is going public through a SPAC merger with Reinvent Technology Partners. Hippo aims to disrupt the home insurance industry by using a "proactive approach" in managing homeowner policies. Its omnichannel distribution strategy, strong unit economics, and business model create ...

Seth Klarman’s 13F portfolio value increased from $10.84B to $12.56B this quarter. Baupost Group increased Alphabet and Intel while reducing Fox Corp and dropping ViacomCBS. They also built small stakes in several SPACs. The portfolio continues to be heavily concentrated wi...

Kin Insurance, which provides home insurance n Florida, California, and Louisiana, is said in talks to go public through SPAC Omnichannel Acquisition Corp. (OCA).The combined company may be valued at more than $1B and could be announced in June, according to a Bloomberg report.Kin raised $63....

Reinvent Technology Partners Z Class A (NYSE:RTPZ) traded today at a new 52-week low of $9.82. This new low was reached on below average trading volume as 59,000 shares traded hands, while the average 30-day volume is approximately 156,000 shares. Reinvent Technology Partners Z Class A s...

Alignment Healthcare (ALHC) disclosed in a filing Thursday that it expects to price its IPO at $17 to $19 a share, valuing the so-called “insurtech” firm at up to some $3.6B even as rivals like Oscar Health (OSCR) sink.Alignment wrote in an S-1 filing with the U.S. Securities an...

Reinvent Technology Partners Z (RTPZ), a SPAC headed by founders or co-founders of LinkedIn and Zynga, dropped as much as 10% Thursday after agreeing to buy online insurance platform Hippo at a $5B valuation.RTPZ fell to as low as $10 a share on the news, well below its previous close at $11....

Online insurance platform Hippo Enterprises announced agreement Thursday to go public via a SPAC deal with Reinvent Technology Partners Z (RTPZ) that values Hippo at some $5B.Hippo sells homeowners insurance to consumers using machine learning and other cutting-edge tools to help with underwr...

Transaction Represents Enterprise Value of $5.0 Billion for Hippo Hippo Expects to Have up to $1.2 Billion in Cash to Fund Growth and Operations Includes Fully Committed PIPE of $550 Million including Dragoneer, Lennar and Ribbit, Other Top Tier Mutual Funds and Reinve...