Quick Take
SelectQuote (SLQT) has filed to raise $450 million in an IPO of its common stock, per an amended registration statement.
The company provides lead generation services for insurance providers in the U.S.
SLQT is a strong competitor to EverQuote, its revenue growth is accelerating and the firm is producing positive pro forma earnings.
The IPO appears interesting at the proposed midpoint price of $18.00 per share.
Company & Technology
Overland Park, Kansas-based SelectQuote was founded to provide insurance companies of many types with leads for consumers interested in purchasing various