SelectQuote buoys US IPO market with upsize, debut surge

摘要

SELECTQUOTE priced the first US IPO since early March outside of the biotech or SPAC sectors, raising a greater-than-expected US$570m in a bullish outcome that could signal the start of a broader new issue rebound over the next month.The health insurance-focused comparison shopping marketplace priced the sale of 28.5m shares, including 18m primary shares and 10.5m from selling shareholders, at US$20 each or $1 above the top of the US$17-$19 marketing range.