Tech Company Inital Public Offerings
Root Insurance IPO
Based in Columbus, Root Insurance went public.
Transaction Overview
Company Name
Announced On
10/28/2020
Transaction Type
IPO
Amount
$723,600,000
Proceeds Purpose
The principal purposes of this offering are to increase our capitalization and financial flexibility, and create a public market for our Class A common stock. We intend to use the net proceeds we receive from this offering for general corporate purposes, including working capital, operating expenses and capital expenditures.
Company Information
Company Status
Publicly-held
Industry
InsureTech
Mailing Address
80 E Rich St. 500
Columbus, OH 43215
USA
Columbus, OH 43215
USA
Phone
Website
Email Address
Overview
Root (Nasdaq: ROOT) is the first insurance company founded on the principle of fundamental fairness. We create personalized products that give good drivers the protection they deserve.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alex Timm
Chief Marketing Officer
Kelly Ruoff
Chief Scientific Officer
David Martin
Chief Technical Officer
Daniel Manges
VP - Bus. Development
Kumi Walker
VP - Product Management
Lauren Gruenebaum
VP - R & D
Hemal Shah
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