IPOs

Safe Auto Insurance Group files for a $50 million IPO

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.

Safe Auto Insurance Group files for a $50 million IPO

Investment Disclosure: Renaissance IPO ETF (symbol: IPO) Renaissance International ETF (symbol: IPOS)

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