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Technology-Driven Insurance Company TYPTAP INSURANCE GROUP Files for $100 Million US IPO
2021-11-09

Esther Thin

TypTap Insurance Group Inc, a technology-driven insurance company, has filed Form S-1 Registration Statement on November 8, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.

The company leverages extensive data and AI-enabled analytics to better select and price homeowners insurance risk. They track record of profitable underwriting, with loss ratios and offer insurance agents a frictionless full-stack digital technology platform that provides policyholders with a better purchase and claims experience.

The Tampa, Florida-based company was founded in 2016 and booked $95 million in revenue for the 12 months ended September 30, 2021. It plans to list on the NYSE under the symbol “TYTP.” JMP Securities, Truist Securities, and Oppenheimer & Co. are the underwriters of the IPO.

The company engages Foley & Lardner LLP as US Securities Counsel, and Dixon Hughes Goodman LLP as Independent Auditor.

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