Overview
- The company and selling shareholders sold 10.5 million shares at $19 each, the midpoint of the marketed range.
- The pricing implied a valuation of about $1.2 billion, and the stock closed its first day at $16.85 for a market cap near $1.1 billion, below its 2021 private valuation of $2.7 billion.
- Shares trade on the Nasdaq under the ticker LIFE, with Goldman Sachs and J.P. Morgan serving as lead underwriters.
- Ethos reported nearly $278 million in revenue and about $46.6 million in net income for the nine months ended September 30, 2025, after reaching profitability by mid-2023.
- The digital platform issues life insurance online without medical exams, operates as a licensed agency, has activated more than 500,000 policies, and counts over 10,000 active selling agents.