2024-01-29 16:41:45 ET
Summary
- Tiptree Inc. has filed for The Fortegra Group, Inc. IPO, with Goldman Sachs and JPMorgan as lead underwriters.
- The proposed market cap for Fortegra is between $1.267 and $1.521 billion.
- Fortegra's Q4 Adjusted Net Income was $32.6 million, bringing full-year Adjusted N.I. to $115 million, a 38% increase from last year.
- The price range for the deal is a healthy discount to comps.
The Update:
Tiptree Inc. ( TIPT ) filed an 8K this morning (January 29th) to commence the roadshow for The Fortegra Group, Inc. ( TFG ) IPO. Goldman Sachs ( GS ) and JPMorgan ( JPM ) are the lead underwriters....
Read the full article on Seeking Alpha
For further details see:
Tiptree: Fortegra IPO Roadshow Launched, Deal Looks Priced To Perform