Safe Auto Insurance Group files for a $50 million IPO

Shutterstock photo

Safe Auto Insurance Group, a direct-to-consumer auto insurance provider, filed on Friday with the SEC to raise up to $50 million in an initial public offering.

The Columbus, OH-based company was founded in 1993 and booked $436 million in revenue for the 12 months ended March 31, 2019. It plans to list on the Nasdaq under the symbol SAIG. Safe Auto Insurance Group filed confidentially on December 21, 2018. BofA Merrill Lynch and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Safe Auto Insurance Group files for a $50 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

More from Renaissance Capital


Renaissance Capital

Renaissance Capital


Research Brokers before you trade

Want to trade FX?