Online insurance broker SelectQuote (SLQT) has set terms for its USD450 million IPO. The company plans to sell 18 million shares, priced between USD17 and USD19 apiece. In addition, existing shareholders of the Kansas-based company plan to sell 7 million shares. SelectQuote has a strong business and has posted impressive financial performance in the last couple of years. As I’ll explain in this article, SelectQuote appears to be a good choice to ride some strong trends in the insurance industry.
Company background
SelectQuote is a direct-to-consumer [DTC] insurance distributor which employs television, radio,