The largest US IPO since February and a SPAC are on the calendar for the week ahead.
SelectQuote (SLQT), an online platform for comparing and purchasing insurance, plans to raise $450 million at a $3.0 billion market cap. The deal marks the largest IPO by a US company since PPD's (PPD) $1.6 billion deal in early February. SelectQuote is profitable with strong growth, though its cash flow significantly lags earnings, and it relies heavily on agent headcount to drive sales. Close peer and 2018 IPO EverQuote (EVER) has performed well in current market conditions, up