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Advantage Insurance postpones $100 million IPO

Advantage Insurance, which provides life insurance to high-net-worth clients and P&C insurance to SMBs, postponed its IPO on Tuesday. It had filed to raise $100 million by offering 10 million shares at a price range of $9 to $11.

The San Juan, Puerto Rico-based company was founded in 1993 and booked $25 million in sales for the 12 months ended September 30, 2017. It had planned to list on the NYSE under the symbol AVI. Raymond James, JMP Securities and B. Riley & Co. were set to be the joint bookrunners on the deal.

The article Advantage Insurance postpones $100 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, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , 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.


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

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