ROOT

Shares of insurance startup Root fall nearly 4% in Nasdaq debut

Oct 28 (Reuters) - Shares of automobile insurance startup Root Inc ROOT.Ofell nearly 4% in their market debut on Wednesday, marking a weak open for the firm after it raised about $724 million in its initial public offering.

The stock opened at $26, compared to its IPO price of $27 per share.

(Reporting by Ambar Warrick in Bengaluru; Editing by Ramakrishnan M. And Maju Samuel)

((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters Messaging: ambar.warrick.thomsonreuters.com@reuters.net; Twitter: @AmbarWarrick))

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

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.